PPMCPortfolioPlus S&P Mid Cap ETF
PPMC Fund Description
PPMC provides 1.25x daily leveraged exposure to the S&P MidCap 400 Index.
PPMC Factset Analytics Insight
PPMC is part of a suite of 1.25x leveraged ETFs from leveraged products specialist Direxion Funds. Instead of the typical 2x or 3x exposure, PPMC provides 1.25x leveraged exposure to the S&P MidCap 400 Index, rebalanced daily. The smaller leverage factor allows investors a more conservative approach to leveraging their equity exposure. Still, investors should know that the compounding effects of leverage will cause the fund’s returns to deviate substantially from the headline 1.25x over time, for better or worse. Furthermore, the volatility of the index can affect the fund’s returns at least as much as the index’s long-term performance. PPMC’s expense ratio makes it an inexpensive option for leveraged midcap exposure.
PPMC CHARTS AND PERFORMANCE
PPMC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PPMC. PPMC is rated a N/A out of 5.