Direxion Daily CSI 300 China A Share Bull 2X Shares
New York Stock Exchange ArcaCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Apr 16, 2015
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the CSI 300 Index, a modified free-float market capitalization-weighted benchmark comprising the largest and most liquid stocks traded in the Chinese A-share market on the Shanghai and Shenzhen exchanges. The fund invests primarily through derivatives including swaps and futures, as well as holdings such as Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR), cash management instruments like Dreyfus Govt Cash Man Ins, and fixed income portfolios from Goldman Sachs; it provides targeted exposure to Chinese A-shares across key sectors including financials (approximately 27%), information technology (17%), industrials (16%), and consumer staples (10%), without direct investment in the index itself. Launched on April 16, 2015, and managed by Rafferty Asset Management, LLC under the Direxion brand, CHAU lists on NYSE Arca with a net expense ratio of 1.30% (including acquired fund fees and expenses) and assets under management around $152-210 million. Headquartered in New York at 1301 Avenue of the Americas, Direxion Investments, founded in 1997 originally as Potomac Funds, operates offices in the U.S. (including Boston) and Hong Kong, serving sophisticated investors seeking leveraged and inverse strategies in global markets with a focus on emerging equities like China A-shares. The fund targets short-term traders rather than long-term holders due to daily reset leverage risks, compounding effects, and volatility in the underlying A-share market subject to PRC regulations, quota limitations under Stock Connect/RQFII/QFII programs, and geopolitical factors. Recent developments include quarterly income distributions such as $0.0982 in June 2025, $0.0782 in March 2025, $0.1411 in December 2024, and $0.0627 in September 2024, reflecting ongoing yield payments amid market fluctuations; an operational update in January 2024 introduced Direxion's ETF Alert Service for real-time price and volume notifications via text. Expense arrangements persist through September 1, 2026, capping total annual operating expenses at 0.95% (excluding certain costs like swaps and brokerage), with performance showing strong one-year NAV returns of 17.52% as of mid-2025 despite longer-term declines. No major acquisitions, partnerships, or product relaunches reported in the last 1-2 years, though institutional ownership adjustments continue among holders like Citadel Advisors and Susquehanna International Group.
Rate Cuts & Trade Hopes: Tap Leveraged China ETFs for Quick Gains
Chinese Equities: How Investors Can Unlock The Power Of Dividends
China's Rally Could Have More Room to Run
Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures
Top Performing Leveraged/Inverse ETFs: 02/11/2024
Best Inverse/Leveraged ETFs of Last Week
Some Investors May Be Sensing a Bottom in China Stocks
Top Performing Leveraged/Inverse ETFs: 12/31/2023
Consider This: Is India The New China?
China PMI Signals Tentative Growth Revival, Prices Edge Higher
Top Performing Leveraged/Inverse ETFs: 07/30/2023
Looking To Trade China-Based Stocks Bullishly? This ETF (CHAU) Offers 2X Leverage - Direxion Daily CSI 300 China A Share Bull 2X Shares (ARCA:CHAU)
Top Performing Leveraged/Inverse ETFs: 11/06/2022
Lower MLF And LPR Rates In China - What Are They And Their Possible Impacts On Chinese Financial Markets And Real Economy?
Top Performing Leveraged/Inverse ETFs: 06/05/2022
The Chinese Slowdown: Much More Than Covid
The View From Shanghai
The Evergrande Crisis And Mainland China's Property Sector Risks
Top Leveraged ETFs of Last Week
Sizing Up China Inside Popular ETFs