Direxion MSCI Defensives Over Cyclicals ETF (RWDC)
Direxion MSCI Defensives Over Cyclicals ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $47.02, up 0.91% on the session, giving a market capitalisation of $7.1M. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund aims to replicate the performance, prior to accounting for fees and expenses, of the MSCI USA Defensive Sectors - USA Cyclical Sectors 150/50 Return Spread Index. Typically, it allocates at least 80% of its net assets (including any borrowed capital for investment) to the securities or exchange-traded funds (ETFs) that constitute the 'Long Component' of this benchmark index. The index itself measures the returns of a portfolio structured with 150% long exposure to the MSCI USA Defensive Sectors Index and 50% short exposure to the MSCI USA Cyclical Sectors Index. This investment vehicle operates as a non-diversified fund.
Direxion MSCI Defensives Over Cyclicals ETF is most often compared with the following Financial Services names: