Direxion FTSE Russell International Over US ETF (RWIU)
Direxion FTSE Russell International Over US ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $48.06, down 1.97% on the session, giving a market capitalisation of $9.2M. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund's primary objective is to replicate the investment performance of the FTSE All-World ex US/Russell 1000 150/50 Net Spread Index, disregarding any fees and expenses. Typically, at least 80% of its net assets (including any capital obtained through borrowing for investment purposes) are invested in the securities comprising the Long Component of this index, or in exchange-traded funds that track this Long Component. The index itself is designed to measure the returns of a portfolio that strategically combines a 150% long exposure to the FTSE All-World ex US Index (known as the "Long Component") with a 50% short exposure to the Russell 1000 Index (referred to as the "Short Component"). It's important to note that this fund maintains a non-diversified portfolio.
Direxion FTSE Russell International Over US ETF is most often compared with the following Financial Services names: