IWFLETRACS 2x Leveraged US Growth Factor TR ETN
IWFL Fund Description
IWFL provides 2x leveraged exposure to a market-cap-weighted index of US large-cap growth companies.
IWFL Factset Analytics Insight
IWFL aims to provide 2x leveraged exposure to the US large-cap equity segment deemed more growth-oriented relative to the overall market. It is based on the total return version of the Russell 1000 Growth index, which includes firms that have higher price-to-book ratios and higher forecasted growth values. The fund also resets its leverage quarterly. As a levered product, IWDL is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period. Keep in mind this is an exchange-traded note, as such, investors also assume the credit risk of UBS. Index reconstitution is done annually.
IWFL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IWFL. IWFL is rated a N/A out of 5.