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 MSCI ESG Analytics Insight
Direxion Daily FTSE Europe Bull 3X Shares has an MSCI ESG Fund Rating of AA based on a score of 7.37 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 Daily FTSE Europe Bull 3X Shares ranks in the 59th percentile within its peer group and in the 73th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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 N/A out of 5.