FLEU Fund Description
The Barclays ETN+ FI Enhanced Europe 50 ETN offers variable leveraged exposure to an index of 50 blue chip companies derived from the STOXX 600 Index.
FLEU Factset Analytics Insight
FLEU 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 quarterly, or in the special case of the fund value diminishing significantly. To find the current effective leverage, you’ll need to divide the effective index exposure by the closing IV. If all of this is confusing, this product is best avoided.
As an ETN, FLEU does not hold any underlying assets. The note is backed only by the full faith and credit of its issuer, Barclays.
Caution: FLEU has a path-dependent fee structure. After a 1-year period, combined with its various fees, investors might end up paying a wide range of fees.
FLEU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FLEU. FLEU is rated a N/A out of 5.