KORUDirexion Daily MSCI South Korea Bull 3X Shares
KORU Fund Description
KORU provides 300% daily leveraged exposure to a cap-weighted index of large- and midcap South Korean companies.
KORU Factset Analytics Insight
KORU is an aggressive, one-day bet on South Korean equities. The fund seeks to provide 3x the performance of the MSCI Korea 25/50 Index, a popular index that’s also tracked by the massive iShares MSCI South Korea Capped ETF (EWY). Samsung Electronics makes up a big chunk of the index, so any large swings in the electronics giant’s stock will likely be amplified in KORU’s returns. The fund rebalances its leverage on a daily basis, so KORU is strictly meant to be a trading vehicle—if held for longer periods, the compounding effects of the daily rebalance could lead to significant differences from the expected returns path. Launched in April 2013, KORU has failed to attract strong investor interest. Trading volume—the lifeblood for a tactical product—is weak so far and AUM is thin too. Check the latest data on this page.
KORU CHARTS AND PERFORMANCE
KORU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KORU. KORU is rated a 5 out of 5.