ETF Watch: Direxion Adds 2X China Internet Fund

Nov 02, 2016

Reviewed by: etf.com Staff

Edited by: etf.com Staff

Today Direxion is rolling out an ETF that offers 200% of the returns of the CSI Overseas China Internet Index, which covers Chinese internet stocks that are not listed on the mainland. The Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB) comes with an expense ratio of 1.11%.

Direxion has several ETFs offering different exposures to China’s market, but none covering the offshore internet space specifically. The new leveraged fund is the 11th ETF to be launched by Direxion this year.

CWEB is listed on the NYSE Arca.

Contact Heather Bell at [email protected].

etf.com Staff

| Contact: [email protected]

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.

View Bio Follow Author