Direxion MSCI Developed Over Emerging Markets ETF (RWDE)
ETF analysis · AMEX · Financial Services · Asset Management
Direxion MSCI Developed Over Emerging Markets ETF (RWDE) is an exchange-traded fund in the Financial Services sector. Latest price: $51.68. Market cap $6.31M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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About Direxion MSCI Developed Over Emerging Markets ETF
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.
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