Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB)
If China Stocks Are Back in Style, CWEB Can Surge
The recent initial public offering (IPO) of semiconductor manufacturer CXMT enriched insiders and early investors at that China tech company. It could also serve to renew interest in other China growth stocks.
5 Best Performing Leveraged ETFs of February
We highlight a bunch of the best-performing leveraged equity ETFs of February.
Top-Performing Leveraged ETFs of Last Week
U.S. stock indices closed last week on a solid note as investors reacted to a favorable inflation report.
CWEB: Set For Re-Rating Once Deflation Stabilizes
CWEB is a leveraged ETF focused on Chinese internet stocks, which act as proxies for China's mass consumption sector, including e-commerce and mobile gaming companies. Persistent deflation and weak consumption in China have led to low valuations for these stocks, despite robust EBITDA growth and share buyback programs. The Chinese government is shifting towards aggressive fiscal and monetary policies to combat deflation, which should stabilize consumption and re-rate these stocks.
Despite China's Uneven Recovery, This ETF Pushes Higher
China's economy continues its recovery, albeit unevenly. It is trying to put behind the after-effects of a real estate development crisis that hit the country a few years ago.
