FXP (ticker symbol)

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FXP is the ticker symbol for the ULTRASHORT FTSE/XINHUA CHINA 25 Exchange-traded fund from ProShares. It was introduced on November 8, 2007.

FXP, and its counterpart EWV for the Japan stock exchange, are double leveraged, meaning that they are engineered to deliver twice the inverse of the daily performance of the FXI and EWJ, respectively.

FXP is supposed to track 1/FXI^2. As you can see from the following chart it has lost 5% of its theoretical value since its inception within 1 month. (Closing prices for FXI and FXP provided by finance.yahoo.com)

Date FXI FXP
12/10/2007 187.5 67.25
12/7/2007 189.4 66.62
12/6/2007 197.49 62.1
12/5/2007 195.74 63.7
12/4/2007 184.8 72.1
12/3/2007 182.5 72.69
11/30/2007 187.46 70.52
11/29/2007 185 71.73
11/28/2007 187 71.01
11/27/2007 176.47 80.73
11/26/2007 167.8 89.75
11/23/2007 172.29 85.66
11/21/2007 163.51 91.25
11/20/2007 177.4 81.2
11/19/2007 169.55 89.98
11/16/2007 178.37 80.53
11/15/2007 181.41 76.8
11/14/2007 187.68 74.4
11/13/2007 182.11 77.85
11/12/2007 169.5 93
11/9/2007 182 81.94
11/8/2007 184.43 79.5


FXP may also refer to

See also


Hookway (talk) 22:55, 6 April 2008 (UTC)