Read the full press release here: http://us.rd.yahoo.com/finance/external/pssa/SIG=12g7cv5i2/*http%3A//seekingalpha.com/article/279087-a-look-behind-no-reset-leveraged-etfs?source=yahoo
About Direxion Daily China Bear 3x Sh:
The fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the BNY China Select ADR Index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It invests the remainder of assets in short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles. The fund is non-diversified.
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