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Bearish China ETF Fades A Year After Rout Pushed It Over The Top

FYI: Assets down to $90 million from $403 million a year

An exchange-traded fund designed to profit from declines in Chinese stocks that was a standout when it was created a year ago is now languishing as the country’s growth outlook improves.

Total assets in the Direxion ETF surged 101 times to $403 million from June to August 2015 as traders piled in to take advantage of a market selloff. Now they’ve shrunk to less than $90 million as the leveraged fund’s shares trade near a record low
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-08-21/bearish-china-etf-fades-a-year-after-rout-pushed-it-over-the-top

M* Snapshot CHAD:
http://www.morningstar.com/etfs/ARCX/CHAD/quote.html
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