Leverage Shares 3x Long China ETP Securities (3CHE)

Leverage Shares 3x Long China ETP Securities is an exchange-traded product (ETP) designed to deliver three times the daily performance of the MSCI China Index, which tracks large- and mid-cap Chinese equities across various sectors. Issued by Leverage Shares LLC and launched on June 9, 2022, this collateralized debt instrument employs a physical replication method, primarily holding assets like the KraneShares CSI China Internet ETF to achieve its leveraged exposure through derivatives and borrowings. It capitalizes dividends, reinvesting them to compound returns, and targets professional investors seeking amplified participation in China's broad equity market, spanning communication services, consumer cyclical, healthcare, technology, and real estate sectors. With assets under management around 2.33 million EUR and an expense ratio of 3.75%, the ETP plays a niche role in providing high-conviction, short-term tactical tools for market participants interested in magnified China exposure, while highlighting the inherent volatility and daily reset mechanism typical of leveraged products.