For those uncomfortable with heavy Chinese exposure in their portfolios, and specifically for those that are concerned that the current banking issues in China may degrade further throughout the summer, ProShares Ultrashort FTSE/Xinhua China (NYSEArca: FXP) delivers two times the daily inverse exposure to the same index that FXI tracks.
This ETF has had quite a run recently, climbing 38% just in the month of May, and is now trading above its 200 day moving average (has closed the past six sessions above this level). Similarly, Direxion Daily China Bear 3X (NYSEArca: YANG) provides three times the daily leveraged inverse exposure to the BNY Select ADR Index.
iShares FTSE/Xinhua China 25
For more information on Street One ETF research and ETF trade execution/liquidity services, contact [email protected].
