$Direxion Daily FTSE China Bull 3X Shares(YINN)$
China's stock market has surged recently, turning the 3x leveraged ETF YINN into a hot product that’s drawing in a wave of short-term speculators.
However, products like these carry extreme risks. Investors who bought YINN in early October have already seen losses close to 50% in just over ten days. In fact, YINN’s price was as high as 1,370 back in 2015, but now it’s only 35—a drop of nearly 98%.
Leveraged ETFs tend to erode to zero during market stagnation or downturns, so the idea of “easy gains” through high leverage is practically impossible.
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