Key stats
About ProShares Ultrashort FTSE China 50
Expense ratio
0.95%
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Inception date
Nov 6, 2007
FXP provides daily (-2x) inverse leveraged exposure to the popular FTSE China 50 Index the same index used by one of the most popular China ETFs, iShares' FXI. FXP's underlying index is heavily exposed to financials, energy and telecom companies, making the fund somewhat of a bet against these sectors that are dominated by state-owned enterprises, and somewhat less against a bet against the Chinese market overall. FXP rebalances its exposure on a daily basis, so the fund is meant for short-term trading over longer holding periods compounding effects could significantly impact the fund's targeted returns.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government133.51%
Cash−33.51%
FXP | Chinese Stocks will Fall | LONGThe fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index comprises 50 of the largest and most liquid Chinese stocks (H Shares, Red Chips and P Chips) listed and trading on the Ho
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