Direxion Daily MSCI India Bull 3X Shares (INDL)
Summary
INDL Chart
Economic Growth Should Keep This India ETF Bullish
India equities continue to be a hot trade that short-term investors may want to consider if they haven't already. For the long-term horizon, continued economic growth should keep these equities on the bullish side.
Direxion Daily MSCI India Bull 3X Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 100 | $4,154 | $4,545 | $391 | 9.41% |
| GHH Grace H. Holt GG Group Ventures, LLC | 11,352 | $676,239 | $515,948.4 | -$160,290.6 | -23.7% |
Direxion Daily MSCI India Bull 3X Shares (INDL) FAQ
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Direxion Daily MSCI India Bull 3X Shares Profile
| ARCA Exchange | US Country |
Overview
The described company focuses on tracking and leveraging the financial performance of major and mid-sized companies within the Indian stock market. Embracing 85% of the Indian equity universe signifies a broad coverage, seeking to encompass a significant portion of market activities in India. The investment strategy revolves around allocating at least 80% of its net assets towards a combination of financial instruments. These instruments, including swap agreements, securities of the targeted index, and exchange-traded funds (ETFs) that parallel the index's movements, are chosen to align with offering twice the daily leveraged exposure to the index. This approach underlines the aggressive aim to maximize the returns based on the index's performance, albeit at a higher risk due to leverage. Also, the fund's non-diversified status suggests a concentrated investment approach, potentially leading to higher volatility and risk-reward scenarios.
Products and Services
- Financial Instruments
Comprise swap agreements, securities indexed to the Indian equity market, and ETFs that track the index. These instruments are pivotal for the fund to achieve its objective of 2X daily leveraged exposure, offering a strategic route for investors looking to amplify their returns based on the performance of large- and mid-capitalization Indian companies.
- Exchange-Traded Funds (ETFs)
These form a critical part of the investment portfolio, enabling tracking of the index to achieve leverage. ETFs are chosen rigorously to ensure they mirror the index's performance closely, facilitating the fund's leverage strategy. By investing in ETFs, the fund diversifies its approach within the confines of its non-diversified classification, leveraging market movements to favor the investors.
