Corgi Chinese Internet 2x Daily ETF (WEBX)

The Corgi Chinese Internet 2x Daily ETF is a leveraged fund in the Corgi ETF lineup that seeks daily investment results equal to twice (2x) the daily performance of a benchmark of Chinese internet companies.

The underlying exposure covers China-based businesses engaged in e-commerce, online services, social media, gaming and other internet activities, many of which are listed in Hong Kong or the United States. The fund uses swaps and other derivatives to obtain leverage and rebalances its exposure every day.

Because the 2x objective applies to a single day, compounding can cause returns over longer periods to differ substantially from twice the return of the benchmark. The fund is designed for short-term trading.