Financial Bear 3X - Triple-Leveraged ETF (FAZ)

QUOTE AND NEWS
Reuters  Oct 29  Comment 
Volkswagen expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief.
Reuters  Oct 28  Comment 
Volkswagen expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief.
Reuters  Oct 2  Comment 
Deutsche Bank executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $14 billion for misselling mortgage-backed securities, the Frankfurter Allegemeine Zeitung reported.
Reuters  Oct 1  Comment 
Deutsche Bank executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $14 billion for misselling mortgage-backed securities, the Frankfurter Allegemeine Zeitung reported.
Benzinga  Dec 15  Comment 
There were times during the global financial crisis when the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) were two of the most well-known exchange-traded funds...
Yahoo  Nov 21  Comment 
Volkswagen (VOWG_p.DE) denied a report on Saturday that its sales have slumped since this month's admission that it had understated the level of carbon dioxide emissions for some cars. German daily Frankfurter Allgemeine Zeitung (FAZ) had reported...
Yahoo  May 22  Comment 
Random checks of pilots' psychological fitness could help reduce risks in the aviation sector, Lufthansa (LHAG.DE) Chief Executive Carsten Spohr said in his first newspaper interview since the crash of a Germanwings plane in March. Frankfurter...
Forbes  Oct 3  Comment 
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily Financial Bear 3x Shares (FAZ), where 2,100,000 units were destroyed, or a 9.4% decrease week over...
Forbes  May 7  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Daily Financial Bear 3x Shares (AMEX: FAZ) where we have detected an approximate $38.2 million dollar inflow --...
Forbes  Nov 30  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Daily Financial Bear 3x Shares (AMEX: FAZ) where we have detected an approximate $14.8 million dollar outflow --...




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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

  1. [ http://direxionshares.com/etf/fbe_3x_shares.html?overview;funds=faz - Overview of Financial Bear 3X - Triple-Leveraged ETF (FAZ)]
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