DPKDirexion Daily MSCI Developed Markets Bear 3x Shares
DPK Fund Description
DPK provides geared inverse (-3x) exposure to a market-cap-weighted index representing 85% of the market capitalization of each industry group in developed markets ex-North America.
DPK Factset Analytics Insight
DPK charges 95 bps for geared inverse (-3x) exposure to the MSCI EAFE Index by holding index swaps. The underlying index has over 50% in financials, making DPK a highly leveraged bet against financials in the Pacific (ex-Japan) region. It has very little in AUM. Since DPK is a tactical tool, spreads and liquidity are paramount. Its considerable spreads drives up its same-day round-trip cost. With very little median daily volume, DPK cannot accommodate aggressive trading, which is what DPK is designed for. Note: Due to daily compounding, it’s unlikely to achieve its stated exposure and returns for longer than a 1-day period.
DPK CHARTS AND PERFORMANCE
DPK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DPK. DPK is rated a N/A out of 5.