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About GLOBAL X ENHANCED NASDAQ-100 INDEX UNITS CLASS A
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Inception date
May 21, 2024
The fund offers enhanced exposure to large-cap NASDAQ stocks. Through the use of cash borrowing, the fund aims to provide 1.25x leveraged exposure to the NASDAQ-100, an index consisting of the 100 largest domestic and international stocks listed on NASDAQ. The index constituents are weighted using a hybrid of equal and market-cap-weighting and rebalanced quarterly. As a geared product with daily resets, the fund is designed as a short-term tactical instrument and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.