The YXI ETF is managed by ProShare Advisors, known for its quantitative investment approach. ProShare Advisors employs a mathematical strategy to determine the portfolio composition that aligns with the ETF's daily investment objective. YXI seeks to provide daily returns that are inverse (-1x) to those of the FTSE International Limited Index, which consists of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Exchange. This ETF uses financial instruments like swap agreements and money market instruments, along with daily rebalancing, to achieve its investment goals, offering investors a way to gain inverse exposure to Chinese stock market performance.
While the main objective of the ProShares Short FTSE China 50 ETF (YXI) is not centered around dividends, its dividend distribution is indirectly influenced by the financial instruments it invests in. YXI seeks to produce daily returns that are inverse (-1x) to the returns of the FTSE China 50 Index. Dividend eligibility in YXI is determined by the performance of the underlying index constituents, with no specific dividend policy in place for the ETF itself. Investors should note that this ETF is designed for short-term trading to achieve inverse daily returns and may not be suitable for those seeking consistent dividend income.
Tracking the FTSE China 50 Index is the primary objective of the ProShares Short FTSE China 50 ETF (YXI). This ETF achieves its investment goal by utilizing various financial instruments. The FTSE China 50 Index comprises 50 of the largest and most liquid Chinese stocks listed and traded on the Hong Kong Exchange (HKEx). YXI employs derivatives such as swap agreements to seek daily returns that are inverse (-1x) to the returns of the Index, making it an effective choice for investors looking to profit from inverse exposure to Chinese equities. Additionally, the ETF may hold money market instruments to manage cash balances, enabling it to meet its investment objectives while effectively tracking the FTSE China 50 Index. Please note that YXI is designed for single-day investment results and may not perfectly align with the Index's returns over longer periods due to daily rebalancing and compounding effects. Investors should carefully consider the risks associated with this strategy, as detailed in the Fund's prospectus.
The correlation aspect of the ProShares Short FTSE China 50 ETF (YXI) is crucial in understanding its behavior in relation to the FTSE China 50 Index. As YXI seeks to provide inverse (-1x) daily returns of the Index, its correlation with the Index is expected to be strongly negative. This makes YXI a valuable tool for investors looking to profit from declining Chinese equity markets or to hedge their exposure to Chinese stocks. To study correlations involving YXI and other assets, investors can utilize the ETF Insider web app, which offers comprehensive data and visualizations, helping them make informed investment decisions and identify potential overlaps in their portfolios.
The YXI Sector ETF is primarily invested in financial instruments that aim to replicate daily returns consistent with its investment objective. The ETF tracks the FTSE International Limited Index, consisting of the 50 largest and most liquid Chinese stocks listed and traded on the Hong Kong Exchange. The portfolio is designed to be diversified across various sectors, but as of May 31, 2022, it had significant exposure to the financials and consumer discretionary industry groups, along with concentration in the communication services and banks industry groups. The ETF uses derivatives and money market instruments to achieve its objectives, making it suitable for investors seeking exposure to Chinese equities with a focus on certain sectors while maintaining a risk management approach.
The exposure profile of the ProShares Short FTSE China 50 ETF (YXI) revolves around its objective to provide inverse daily returns to the FTSE China 50 Index. YXI employs financial instruments, primarily derivatives, to achieve its goal. The Index consists of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Exchange, and YXI''s exposure strategy aims to benefit from inverse returns, making it an option for investors looking to hedge or capitalize on short-term declines in the Chinese equities market. For a comprehensive analysis of YXI''s exposure, investors can turn to ETF Insider''s web app, which offers valuable insights and visualization tools, helping them understand correlations, overlaps, and other critical data for this and other US ETFs.
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