The fund broke a record by surpassing the funding for any previous new ETF launch globally — with $2.4 billion in assets from Finnish pension insurer Varma, the company said in a press release. Direxion on Wednesday announced two additional pairs of single-s...
It has been a stellar performer, up an annualized 17.2% in the past 10 years and 33.6% this year, thanks to weightings in artificial-intelligence stocks like Nvidia (NVDA). Its popularity has led to many other Nasdaq-related funds being launched, some leveraged, others hedged, such as the...
XLB has been one of the best-performing non-leveraged sector ETFs in recent days. “XLB is up 28% in the last six months, fourth behind Industrials (NYSEARCA:XLI), Information Technology (NYSEARCA:XLK) and Consumer Discretionary (NYSEARCA:XLY). It’s up 3% in the last month and more ...
Technology Select Sector SPDR ETF (NYSEArca: XLK): tries to reflect the performance of the Technology Select Sector Index, which is comprised of technology and telecom sector of the S&P 500. The ETF includes companies from technology hardware, storage, and peripherals; software; diversified telecomm...
The fund broke a record by surpassing the funding for any previous new ETF launch globally — with $2.4 billion in assets from Finnish pension insurer Varma, the company said in a press release. Direxion on Wednesday announced two additional pairs of single-...
Leveraged ETFs.These ETFs also use futures and options contracts—which trade on margin (essentially borrowed money)—as a way of amplifying returns. For example, an ETF might target double (2x) or triple (3x) the daily return on the S&P 500 Index. But leverage is a double-edged sword. ...