EPVProShares UltraShort FTSE Europe
EPV Fund Description
EPV provides a daily leveraged inverse (-2x) exposure to a market-cap-weighted index of European developed markets equities.
EPV Factset Analytics Insight
EPV is an aggressive inverse play on the developed European equity market. With the use of swaps and derivatives, the fund aims to provide -2x leveraged exposure to the FTSE Developed Europe All Cap Index, a market-cap-weighted index of large-, mid, and small-cap developed European companies. As a levered product with daily resets, EPV is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding. From the fund’s inception date through April 22, 2013, EPV reflected the performance of the MSCI Europe Index. Subsequently, the fund started tracking the FTSE Developed Europe Index. Effective on September 1, 2016, the fund made a minor change to its exposure by tracking an all-cap version of its underlying index, thereby expanding coverage into the small-cap space.
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EPV Tax Exposures
EPV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EPV. EPV is rated a N/A out of 5.