EDZDirexion Daily MSCI Emerging Markets Bear 3X Shares
EDZ Fund Description
EDZ provides 3x inverse exposure to a market-cap-weighted index of companies operating in emerging markets.
EDZ Factset Analytics Insight
EDZ provides inverse exposure to the widely followed MSCI Emerging Markets Index, leveraged by a factor of three. The underlying index strongly represents financial and technology firms in emerging markets, particularly concentrated in China, Korea, and Taiwan, so EDZ is to some extent a bet against those sectors and those markets. EDZ is designed to provide 3x inverse exposure to the index for one day, not for an extended period. In fact, investors interested in EDZ should look long and hard at the prospectus to get a complete understanding of the path-dependent nature of its returns. Investors who use it for longer than a day could get results that differ greatly from -3x. EDZ enjoys strong liquidity and airtight spreads, so it should be easy to get in and get out of the fund on a daily basis. The fund charges a steep fee, but it's reasonable for the leverage space and most investors won't be sticking around long enough to realize major holding costs.
EDZ CHARTS AND PERFORMANCE
EDZ Portfolio Data
EDZ Index Data
EDZ Fund Structure
EDZ Tax Exposures
EDZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EDZ. EDZ is rated a 5 out of 5.