Friday, November 9, 2007

UPDATE: China Short ETF

Yesterday morning we posted the press release from ProShares, "Investors Fearing China “Bubble” To Have ETF Option".
A few hours later the folks at Bespoke put up a post with a chart I'm going to lift:
China IPO Soars!

At least one Chinese-related ETF is soaring. FXP began trading today and is currently up 11.56%! Unfortunately (not for those who bought it) it's the new ProShares ETF that provides double the inverse returns of the FTSE/Xinhua China 25 Index (FXI ETF).