EFZProShares Short MSCI EAFE
EFZ Fund Description
EFZ provides daily inverse exposure to a market-cap-weighted index representing 85% of the market capitalization in developed markets excluding North America.
EFZ Factset Analytics Insight
EFZ provides daily inverse exposure to the MSCI EAFE Index by holding swaps on iShares' EFA. A broad bet against developed-market large- and midcaps, EFZ especially captures inverse exposure to Japan and the UK. Note that EFZ is a tactical tool. Due to daily compounding, it's unlikely to achieve its intended exposure for longer than a one-day period. As such, trading costs are the major concern. Management fees are of less concern as most investors won't stick around long enough to realize much of those holding costs anyway.
EFZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EFZ. EFZ is rated a N/A out of 5.