(CHAU) Direxion Daily CSI 300 - Overview

Direxion’s CHAU seeks to deliver twice the daily performance of the CSI 300 China A-Share Index by using swaps, futures and ETFs, allocating at least 80% of its assets to these leveraged instruments. The fund is non-diversified and follows a modified free-float market-cap weighting that targets the most liquid Chinese A-shares.

As of February 2026, CHAU carries a 0.95% expense ratio and manages roughly $1.2 billion in assets. Over the past 12 months the ETF has posted a leveraged return of about 12%, reflecting both the index’s rebound and the impact of daily rebalancing. Recent Chinese macro data-Q4 2025 GDP growth of 5.2% YoY, a manufacturing PMI of 51.3, and renewed fiscal stimulus-have bolstered the CSI 300’s consumer and financial sectors, the primary drivers of CHAU’s performance.

For deeper insights, you might explore ValueRay’s analysis of CHAU.

• CSI 300 Index performance directly impacts CHAUs leveraged returns
• Chinese A-share market sentiment drives fund inflows/outflows
• Regulatory changes in China affect constituent stock valuations
• Yuan exchange rate fluctuations impact USD-denominated returns
• Geopolitical tensions influence investor confidence in Chinese assets