FIEUCredit Suisse FI Enhanced Europe 50 ETN - September 10 - 2018
FIEU Fund Description
The Credit Suisse FI Enhanced Europe 50 ETN offers variable leveraged exposure to an index of 50 blue chip companies derived from the STOXX 600 Index.
FIEU Factset Analytics Insight
FIEU is a levered bet on the STOXX Europe 50 USD Index. The note's effective leverage varies day to day. It was 2x at inception, but the note does not reset daily like most geared products. Instead it resets to 2x only when the note's value drops to 60% of its original value (or the value at the last reset). The note's current effective leverage factor was once available online, but virtually all mention of FIEU has since disappeared from Credit Suisse's website. If this concerns you, best steer clear of this product, which seems to be intended as a bespoke vehicle for clients of asset manager Fisher Investments. Would-be traders should expect to brave almost nonexistent trading activity and large spreads. With that said, however, FIEU has decent AUM and a lower fee than many of its leveraged peers, but note that it has a path-dependent fee structure. After a 1-year period, combined with its financing fees and rebalancing fees, true costs could be considerably higher or lower.
FIEU CHARTS AND PERFORMANCE
FIEU Summary Data
FIEU Portfolio Data
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FIEU Fund Structure
FIEU Tax Exposures
FIEU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FIEU. FIEU is rated a 5 out of 5.