Bearish China ETF Fades a Year After Rout Pushed It Over the Top

  • Shares in Direxion fund have fallen 24% from this year’s high
  • Total assets down to $90 million from $403 million a year ago

An exchange-traded fund designed to profit from declines in Chinese stocks that was a standout when it was created a year ago is now languishing as the country’s growth outlook improves.

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