BNKUMicroSectors U.S. Big Banks Index 3X Leveraged ETN
BNKU Fund Description
The MicroSectors U.S. Big Banks Index 3x Leveraged ETN tracks three times the performance of an equal-weighted index of U.S. Large Banks.
BNKU Factset Analytics Insight
BNKU is a leveraged take on U.S. Big Banks. Specifically, the fund tracks three times the underlying index, which selects the 10 largest qualifying stocks and even weights them. BNKU charges a steep fee for such exposure; however, the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
BNKU CHARTS AND PERFORMANCE
BNKU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BNKU. BNKU is rated a N/A out of 5.