KNABMicroSectors U.S. Big Banks Index Inverse ETN
KNAB Fund Description
The MicroSectors U.S. Big Banks Index Inverse ETN tracks the inverse of the performance of an equal-weighted index of U.S. Large Banks.
KNAB Factset Analytics Insight
KNAB is an inverse take on U.S. Big Banks. Specifically, the fund tracks the inverse of the underlying index, which selects the 10 largest qualifying stocks and even weights them. KNAB charges a steep fee for such exposure; however, the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
KNAB Charts And Performance
KNAB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KNAB. KNAB is rated a N/A out of 5.