Key stats
About Direxion Daily South Korea Bull 3X Shares
Expense ratio
1.34%
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Inception date
Apr 11, 2013
KORU is an aggressive, one-day bet on South Korean equities. The fund seeks to provide 3x the performance of the MSCI Korea 25/50 Index. Samsung Electronics makes up a big chunk of the index, so any large swings in the electronics giants stock will likely be amplified in KORUs returns. The fund rebalances its leverage on a daily basis, so KORU is strictly meant to be a short-term trading vehicleif held for longer periods, the compounding effects of the daily rebalance could lead to significant differences from the expected returns path.
Classification
What's in the fund
Exposure type
ETF
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.