Direxion China ETFs Pick A New Index

|About: Direxion Daily FTSE Chi... (YINN)|By:, SA News Editor

The Daily FTSE China Bull 3X Shares (YINN) and Bear 3X Shares (YANG) ETFs will switch from the BNY Mellon China Select ADR Index to the FTSE China 25 Index this December.

This new index, also used by FXI, comprises the 25 most liquid securities on the Hong Kong Stock Exchange and, while it is currently weighted toward the financial sector, the updated prospectus states that this is subject to change.

Currently four of FXI's top ten holdings are banks, with financials making up over 50% of the fund; YINN and YANG under their current index have a heavy hand on Chinese internet companies and very little financial representation.

Relevant ETFs: MCHI, GXC, FXP, XPP