ETF Watch: Direxion Adds 2X China Internet Fund

New ETF offers double exposure to the CSI Overseas China Internet Index.
Reviewed by: Staff
Edited by: 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.

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