FLGECredit Suisse FI Large Cap Growth Enhanced ETN
FLGE Fund Description
FLGE provides 2X levered exposure to the total return of the Russell 1000 Growth Index, with leverage reset at least quarterly.
FLGE Factset Analytics Insight
FLGE provides 2x leveraged exposure to the Russell 1000 Growth Index (Total Return), an index of US large-cap growth stocks, selected using a multi-factor approach considering those with higher price-to-book ratios and higher forecasted growth values. Unlike most geared products, the note resets its leverage quarterly, or in the event of a 20% decline in the underlying index since the last reset date. This strategy mutes the effects of compounding and path dependency that plague other leveraged funds with daily resets, however it still means that investors in the fund won't receive exactly 2x leverage until the next reset. Note that FLGE is a "bespoke" product, created for Fisher Asset Management and its clients. These notes are unadvertised—lacking even a website—because they aren't intended for individual investors.
FLGE Summary Data
FLGE Portfolio Data
FLGE Index Data
FLGE Fund Structure
FLGE Tax Exposures
FLGE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FLGE. FLGE is rated a N/A out of 5.