Direxion MSCI Developed Over Emerging Markets ETF (RWDE)
Direxion MSCI Developed Over Emerging Markets ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $51.68, up 0.51% on the session, giving a market capitalisation of $6.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) endeavors to mirror the performance of the MSCI EAFE IMI - Emerging Markets IMI 150/50 Return Spread Index, prior to the deduction of its fees and operational costs. Under typical market conditions, the fund allocates at least 80% of its total net assets—including any capital acquired through borrowing for investment purposes—into either the direct securities comprising the Long Component of this index or into other exchange-traded funds (ETFs) that track this Long Component. The underlying index itself is structured to reflect the returns of a hypothetical portfolio that maintains a 150% long exposure to the MSCI EAFE IMI Index (designated as the "Long Component") and simultaneously holds a 50% short exposure to the MSCI Emerging Markets IMI Index (referred to as the "Short Component"). It's important to note that this fund is categorized as non-diversified.
Direxion MSCI Developed Over Emerging Markets ETF is most often compared with the following Financial Services names: