RWGVDirexion Russell 1000 Growth Over Value ETF
RWGV Fund Description
RWGV tracks an index of US large-caps with leveraged (1.5x) exposure to growth stocks and short (-0.5x) exposure to value stocks.
RWGV Factset Analytics Insight
RWGV combines a bullish view on growth and a somewhat bearish view on value among US large caps. The means: an index with slightly leveraged exposure to Russell 1000 growth stocks (150%) coupled with partial short exposure to Russell 1000 value stocks (-50%). It resets monthly to this net 1x exposure. In Russell style indexes, middling stocks split their weights across value and growth. In RWVG, the effect would tend to offset for middling stocks while overweighting stocks with strong growth traits and shorting those with strong value traits. Expect sector biases to follow suit. The fund uses derivatives. Its issuer, known for geared products, should be well-versed in using them. As always, short exposure brings the drag of dividends owed to the lender. Still, RWGV could appeal to investors looking for more growth impact than what’s found in pure style funds.
RWGV MSCI ESG Analytics Insight
Direxion Russell 1000 Growth Over Value ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.19 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 Russell 1000 Growth Over Value ETF ranks in the 30th percentile within its peer group and in the 11st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RWGV Summary Data
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RWGV Portfolio Management
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RWGV Fund Structure
RWGV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RWGV. RWGV is rated a N/A out of 5.
RWGV Sector/Industry Breakdown
RWGV Top 10 Holdings
RWGV Economic Development
RWGV Performance Statistics
RWGV MSCI ESG Ratings
RWGV Benchmark Comparison Summary
RWGV Benchmark Comparison Market Cap Size