ChinaAMC Leveraged/Inverse Series - ChinaAMC Direxion NASDAQ-100 Daily (-1x) Inverse Product is an exchange traded fund launched by China Asset Management (Hong Kong) Limited. It is managed by Rafferty Asset Management, LLC. The fund invests in the public equity markets across the globe. It takes short positions and uses derivatives such as future contracts to invest in the stocks of companies operating across diversified sectors, excluding financial sector. The fund invests in the stocks of large-cap companies. It seeks to replicate the inverse of the daily performance of the NASDAQ-100 Index. ChinaAMC Leveraged/Inverse Series - ChinaAMC Direxion NASDAQ-100 Daily (-1x) Inverse Product was formed on September 28, 2016 and is domiciled in Hong Kong.