PPDMPortfolioPlus Developed Markets ETF
PPDM Fund Description
PPDM provides 1.25x daily leveraged exposure to a market-cap-weighted index of large-, mid- and small-cap stocks from developed markets outside the US.
PPDM Factset Analytics Insight
PPDM is part of a suite of 1.25x leveraged ETFs from leveraged products specialist Direxion Funds. Instead of the usual 2x or -2x exposure, PPDM provides 1.25x daily leveraged exposure to a FTSE index of developed-market stocks, ex-US. The index includes small-cap stocks and Canadian firms. PPDM is rebalanced daily to provide consistent 1.25x exposure; however, shareholders must be mindful of the effects of compounding, which can cause fund returns to differ significantly from the underlying index over time. Consistent with other leveraged products, PPDM uses swaps to gain its targeted exposure. Use caution trading the fund—carefully placed limit orders will help keep spreads in check.
PPDM CHARTS AND PERFORMANCE
PPDM Portfolio Data
PPDM Index Data
PPDM Fund Structure
PPDM Tax Exposures
PPDM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PPDM. PPDM is rated a N/A out of 5.