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Financial Bear 3X - Triple-Leveraged ETF (FAZ) |
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WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
Financial Bear 3X - Triple-Leveraged ETF (FAZ)
Overview
The Financial Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000® Financial Services Index ("Financial Index"). There is no guarantee the fund will meet its stated investment objective. Target Index The Russell 1000® Financial Services Index is a capitalization-weighted index of companies that provide financial services. As of April 30, 2008, the Index had 227 components, derived from the Russell 1000 Index with an average market capitalization of over $11 billion dollars and a median market capitalization of $4.4 billion dollars. One cannot directly invest in an Index. [1]
Fund Information
- Fund Manager - Direxion Shares
- Inception Date - 11/06/2008
- Exchange – NYSE Exchange
- Index Ticker – FAZ
- Intra-day NAV Ticker – FAZ.IV
- Expense Ratio - 0.75%
Top Holdings
| Index Sector Weightings | |
| Diversified Financial Services | 25.93% |
| Banks Diversified | 25.74% |
| Real Estate Invt. Trusts (REITS) | 10.61% |
| Financial Data & Systems | 8.18% |
| Insurance: Property-Casualty | 8.10% |
| Asset Mgmt. & Custodian | 5.97% |
| Insurance: Multi-Line | 5.13% |
| Insurance: Life | 4.35% |
| Securities Brokerage & Svcs | 3.91% |
| Banks: Svgs/Thrifts & Mort Lend | 1.20% |
| Real Estate | 0.52% |
| Consumer Lending | 0.33% |
| Commercial Fin. & Mort. Co. | 0.03% |
Holdings as of 23/10/2009
References
- ↑ [ http://direxionshares.com/etf/fbe_3x_shares.html?overview;funds=faz - Overview of Financial Bear 3X - Triple-Leveraged ETF (FAZ)]
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