Direxion 3x China ETFs To Switch To FTSE Indexes

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

The Direxion Daily China 3x Bull (YINN) and Daily China 3x Bear (YANG) ETFs will switch from their current index, the BNY Mellon China Select ADR Index, to track the FTSE China 25 Index as of December 12.

“FTSE provides benchmarks for more than 60 percent of assets tracking China-themed, U.S.-listed ETFs, and we’re delighted by Direxion’s adoption of the FTSE China 25 Index,” said Jonathan Horton, President of FTSE North America and Head of FTSE’s Exchange-Traded Product Service Unit, in a statement.

YINN and YANG will be joining the iShares China Large-Cap ETF (FXI), which is not only the largest China ETF trading in the U.S., but also the only other fund tracking the FTSE China 25.

Other China ETFs: PGJ, GXC, FXP, MCHI, XPP, YAO, CHXF, YXI, TCHI, FCA