EURLDirexion Daily FTSE Europe Bull 3X Shares
EURL Fund Description
EURL provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe.
EURL Factset Analytics Insight
EURL is a 3x levered play on the FTSE Developed Europe Index, a market-cap-weighted index of total market stocks in developed Europe. The usual caveats for geared funds apply emphatically for 3x gearing: The fund rebalances its exposure on a daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are unlikely to achieve the 3x multiple. Returns are helped by strong trends and hurt by volatility. EURL isn’t appropriate for buy-and-hold investors.Note: The fund switched underlying indexes on August 22, 2016 to a slightly different and arguably better FTSE index. The index—tracked at 1x by Vanguard’s VGK—includes small-caps, thereby providing more complete coverage of the space.
EURL CHARTS AND PERFORMANCE
EURL Portfolio Data
EURL Index Data
EURL Fund Structure
EURL Tax Exposures
EURL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EURL. EURL is rated a 5 out of 5.