EUXLDirexion Daily EURO STOXX 50 Bull 3X Shares
EUXL Fund Description
EUXL provides 3x leveraged exposure to a market-cap-weighted index of 50 of the largest Eurozone companies.
EUXL Factset Analytics Insight
EUXL is an aggressive one-day bet on the Euro Stoxx 50 Index. The fund promises to provide 300% of the daily return of the index, a cap-weighted composite of the 50 biggest Eurozone companies. Note the narrow geographic and currency exposure—the fund has no exposure to the UK and other non-Eurozone countries making up about half of the European equity market. As with most leveraged funds, EUXL is designed to provide this exposure only for one trading day. Holding the fund for longer than one day will expose investors to the effects of compounding and may create significant drift between the expected return and what is actually realized. Although its fee isn't cheap, tactical users will be more concerned with the trading costs.
EUXL CHARTS AND PERFORMANCE
EUXL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EUXL. EUXL is rated a N/A out of 5.