Direxion Daily FTSE China Bear 3X Shares

Bearish bets on Chinese equities get amplified threefold in this Direxion fund. YANG aims to deliver negative three times the daily move of the FTSE China 50 Index, a market-cap-weighted basket of the 50 largest Chinese companies trading in Hong Kong. If that index falls 1% on a given day, the fund is built to rise about 3%, and the reverse when China rallies. The leverage resets every day, which is the catch: over any stretch longer than a single session, compounding pulls returns away from a simple -3x of the index, and choppy markets erode value fast. Direxion charges 1.03% and launched it in 2009. This is a short-term trading tool for hedging or speculating on Chinese stocks, not something to buy and hold.

On MyRWA, YANG trades tokenized across 1 on-chain venue - see the listings below.