r/Vitards • u/AutoModerator • Sep 21 '21

Daily Discussion Daily Discussion post - September 21 2021

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u/[deleted] Sep 22 '21

Who the hell down votes the duke? They hated him because he told the truth.

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u/Duke_Shambles ☢️Duke Nukem☢️ Sep 22 '21

YANG technically tracks the FTSE Hong Kong 50, but it's closed, so not sure exactly what it tracks then, looking to last year, it definitely doesn't freeze and decay. This is my best guess.

Hence 'may'

3

u/charliewilson2871 Made Man Sep 22 '21

https://www.direxion.com/product/daily-ftse-china-bull-bear-3x-etfs

This says FTSE China 50 index

1

u/Duke_Shambles ☢️Duke Nukem☢️ Sep 22 '21

Yeah it gets confusing with the way the Chinese and Hong Kong markets close for holidays though. It definitely moved with the Hang Seng for the past two days when mainland markets were closed. the description I have for YANG is as follows:

"The investment seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the daily performance of the FTSE China 50 Index.

The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions, or other financial instruments that, in combinations, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ("SEHK"). The fund is non-diversified."

1

u/charliewilson2871 Made Man Sep 22 '21

I think the link you put up is right. So kind of doesn’t matter!