MEXXDirexion Daily MSCI Mexico Bull 3X Shares
MEXX Fund Description
MEXX offers daily leveraged 3X exposure to a broad, market- cap-weighted index of Mexican firms.
MEXX Factset Analytics Insight
MEXX offers a broad, market-cap-weighted sampling of the Mexican equities market with greater leverage than competitors. The fund, which is levered 3X and resets daily, makes no promise of 3X returns for holding periods longer than a day. Thus, investors in this trading vehicle should closely monitor their position and rebalance frequently. Those who are looking for similar exposure in a buy-and-hold wrapper will find it in iShares’ EWW, which tracks the same underlying index.
MEXX MSCI ESG Analytics Insight
Direxion Daily MSCI Mexico Bull 3X Shares has an MSCI ESG Fund Rating of BBB based on a score of 5.22 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily MSCI Mexico Bull 3X Shares ranks in the 34th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MEXX Charts And Performance
MEXX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MEXX. MEXX is rated a N/A out of 5.