Financial Bull 3X - Triple-Leveraged ETF (FAS)

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TheStreet.com  Jul 2  Comment 
The Mad About Options crew discusses The Direxion Financial Bull 3X Shares and offers options strategies for traders and investors.
Navivest Stocks and Options Blog  Mar 23  Comment 
Monday March 23, 2009 Navivest The stock market is having a very good day, after the treasury announced its plan to help remove toxic assets from the balance sheets of the nations’ bank. Financials are leading the way and on that, we are...




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Financial Bull 3X - Triple-Leveraged ETF (FAS)

Overview

The Financial Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% 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.

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Fund Information

  • Fund Manager - Direxion Shares
  • Inception Date - 11/06/2008
  • Exchange – NYSE
  • Index Ticker – FAS
  • Intra-day NAV Ticker – FAS.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/fbu_3x_shares.html?overview;funds=fas - Overview of Financial Bull 3X - Triple-Leveraged ETF (FAS)]
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