WWOWDirexion World Without Waste ETF
WWOW Fund Description
WWOW tracks an equal-weighted index of 50 US-listed companies engaged in or positioned to benefit most from the potential shift from linear to circular economic model.
WWOW Factset Analytics Insight
WWOW provides concentrated exposure to all-cap, US-listed companies and ADRs considered as representatives of the transformative economy shift from linear (one-user/one-use) to a circular (multi-owner/re-use) model. The selection universe begins with the eligible firms that derive 50% or more of their revenue from the five sub-themes: sustainability of resources (renewable energy, biofuels), sharing platforms (crowdfunding, content sharing), resource recovery (waste management), product as a service (subscription economy), and life cycle extension (reselling and trading). The top 10 companies with the largest market capitalization from each sub-theme are selected for the index. If less than 10 securities qualify in a sub-theme, the fund may select from the remaining list of eligible firms by market-cap, until the portfolio contains a total of 50 equities. The index constituents are weighted equally and rebalanced on an annual basis.
WWOW MSCI ESG Analytics Insight
Direxion World Without Waste ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.58 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 World Without Waste ETF ranks in the 36th percentile within its peer group and in the 13th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
WWOW MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
WWOW Summary Data
WWOW Portfolio Data
WWOW Index Data
WWOW Portfolio Management
WWOW Tax Exposures
WWOW Fund Structure
WWOW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of WWOW. WWOW is rated a 4 out of 5.
WWOW Economic Development
WWOW Performance Statistics
WWOW MSCI ESG Ratings
WWOW Benchmark Comparison Summary
WWOW Benchmark Comparison Market Cap Size