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RUSL Fund Description
The Direxion Daily Russia Bull ETF provides daily 3x exposure to a market-cap-weighted index of Russian companies.
RUSL FactSet Analytics Insight
RUSL is a highly leveraged bullish bet on
“inclusive of Russian companies, regardless of where they're domiciled or traded” Russian equities. It attempts to return 3x the daily performance of the Market Vectors Russia Index, the same index tracked by the popular Russia ETF, the Market Vectors Russia ETF (RSX). The fund's underlying cap-weighted index is one of the most comprehensive Russia indexes around, inclusive of Russian companies, regardless of where they're domiciled or traded. It might underweight the energy sector slightly relative to our benchmark, but it's still a solid take on the market. RUSL, which gets its leveraged exposure through swap agreements with multiple counterparties, rebalances its leverage on a daily basis, so the fund is meant to be a short-term trading vehicle. Holding RUSL for longer periods will expose the investor to compounding effects of the daily rebalance. The fund's fee isn't cheap, but trading costs matter more for this tactical product. RUSL does okay on this front, but isn't amazing: volume is solid, but spreads can be wide at times.
RUSL FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RUSL. RUSL is rated a 5 out of 5.