EFOProShares Ultra MSCI EAFE
EFO Fund Description
EFO provides daily 2x exposure to the MSCI EAFE Index, which represents 85% of the market capitalization of developed markets outside North America.
EFO Factset Analytics Insight
EFO provides daily 2x exposure to MSCI's popular EAFE index, which captures the developed equities market outside of the US and Canada. This is the long version of sister-fund EFU, which provides 2x inverse exposure to the same index. Simple long exposure can be had through iShares' EFA and IEFA. The fund achieves leverage through the use of swap agreements, which carry slight counterparty risk. Like all levered funds, EFO tends to underperform its target multiple in volatile markets if held for longer than its daily reset period, and is only suitable for short-term trading positions. Unfortunately, EFO isn’t easy to trade as a tactical product based on slim volume and wider spreads.
EFO Charts And Performance
EFO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EFO. EFO is rated a N/A out of 5.