BRZUDirexion Daily MSCI Brazil Bull 3X Shares
BRZU Fund Description
BRZU provides 3x daily leveraged exposure to a market-cap-weighted index of large- and midcap Brazilian companies.
BRZU Factset Analytics Insight
As a levered product, BRZU is not a buy-and-hold ETF; it's a short-term tactical instrument. Like many levered funds, it delivers 3x exposure only for one day. Over longer periods, returns can vary significantly from 3x exposure to its underlying index. Reflective of the Brazilian economy, BRZU is a big bet on financials, which dominate the index. BRZU's expense ratio isn't cheap but, as a short-term product, holdings fees are less important than trading costs. The fund generally trades with excellent volume and moderate spreads.
BRZU CHARTS AND PERFORMANCE
BRZU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BRZU. BRZU is rated a 5 out of 5.