FAS
Direxion Daily Financial Bull 3x Shares
📎 Investment Objective
The Direxion Daily Financial Bull 3x Shares ETF (FAS) seeks to provide daily investment results that correspond to three times (3x) the daily performance of the Russell 1000® Financial Services Index.
Overview
ETF tracking Direxion Daily Financial Bull 3x Shares
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Direxion Daily Financial Bull 3x Shares ETF (FAS) seeks to provide daily investment results that correspond to three times (3x) the daily performance of the Russell 1000® Financial Services Index.
🎯 Investment Strategy
The fund uses a combination of financial instruments, such as futures contracts and swaps, to provide leveraged exposure to the underlying index. It aims to achieve its objective on a daily basis, not over longer periods.
✨ Key Features
- Provides 3x the daily performance of the Russell 1000 Financial Services Index
- Utilizes leverage to amplify the daily returns of the underlying index
- Resets exposure daily, so performance may not match the index over longer time periods
- Relatively high expense ratio compared to non-leveraged financial sector ETFs
⚠️ Primary Risks
- Significant risk of loss due to the leveraged nature of the fund
- Volatility risk as the fund's performance can vary greatly from the underlying index on a daily basis
- Potential for divergence from the index's long-term performance
- Liquidity risk and trading costs associated with the use of derivatives
👤 Best For
This ETF is intended for experienced, risk-tolerant investors who seek to make short-term, speculative bets on the performance of the financial sector. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.