ESNGDirexion MSCI USA ESG - Leaders vs. Laggards ETF
ESNG Fund Description
ESNG tracks a US return spread index with combined long exposure (150%) to the ESG leaders and short exposure (-50%) to the ESG laggards.
ESNG Factset Analytics Insight
ESNG is the first to offer exposure to both ESG leaders and laggards on a 150/50 basis. It combines a bullish view on ESG leaders — those with high ESG score determined by ESG rating and trend results and bearish view on ESG laggards — those with low ESG score. 37 different ESG issues like climate change, human capital, and product liability compose the ESG rating results. Conversely, trend results tackle the ESG rating change of a security. ESNG’s index strategy is based on the daily return spread between the ESG leaders and ESG laggards which are considered as its component indexes. Sector neutrality is considered in weighting the constituents to reflect sectors of the MSCI USA index. A 5% cap is further applied to issuers. The fund uses derivatives. Its issuer, known for geared products, should be well-versed in using them. As always, short exposure brings the drag of dividends owed to the lender. ESNG is reviewed, reconstituted, and rebalanced on a quarterly basis.
ESNG MSCI ESG Analytics Insight
Direxion MSCI USA ESG - Leaders vs. Laggards ETF has an MSCI ESG Fund Rating of AAA based on a score of 9.27 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion MSCI USA ESG - Leaders vs. Laggards ETF ranks in the 99th percentile within its peer group and in the 100th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ESNG Portfolio Data
ESNG Index Data
ESNG Portfolio Management
ESNG Tax Exposures
ESNG Fund Structure
ESNG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ESNG. ESNG is rated a 4 out of 5.
ESNG Sector/Industry Breakdown
ESNG Economic Development
ESNG Performance Statistics
ESNG MSCI ESG Ratings
ESNG Benchmark Comparison Summary
ESNG Benchmark Comparison Market Cap Size