With this year's market bloodbath, bearish speculators have flocked to short or inverse ETFs to feast on the mishaps of flagship indices, mainly the tech-heavy ones. Over $1.2 billion of net inflows have been injected into these risky assets, out of which $736 million went into leveraged inverse ETFs.
Among the largest receivers in America is a line-up of ProShares products, which include ProShares UltraShort S&P500 (SDS, +$419 million), ProShares Short QQQ (PSQ, +$273 million), ProShares UltraPro Short QQQ (SQQQ, +$250 million), ProShares Short S&P500 (SH, +$202 million), and ProShares UltraShort DOW30 (DXD, +$78 million).
In Europe, Lyxor CAC 40 Daily (-2x) Inverse UCITS ETF (SHC, +$20 million), Xtrackers S&P 500 Inverse Daily Swap UCITS ETF (XSPS, +$15 million), Xtrackers ShortDAX x2 Daily Swap UCITS ETF (XSD2, +$12 million), Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF (BERMIB, +$6 million), and WisdomTree NASDAQ 100 3x Daily Short (QQQS, +$5 million) drew some notable inflows.
Meanwhile, in Asia-Pacific, CSOP Leveraged and Inverse Series-CSOP Hang Seng Index Daily (-2x) Inverse Product (7500) and CSOP Hang Seng TECH Index Daily (-2x) Inverse Product ETF (7552) lured in +$112 and +$26 million respectively.
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