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Direxion Daily MSCI Brazil Bull 2X Shares (BRZU)BRZU
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Upturn Advisory Summary
09/18/2024: BRZU (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.03% | Upturn Advisory Performance  3 | Avg. Invested days: 39 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.03% | Avg. Invested days: 39 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 55733 | Beta 1.61 |
52 Weeks Range 56.53 - 102.77 | Updated Date 09/18/2024 |
52 Weeks Range 56.53 - 102.77 | Updated Date 09/18/2024 |
AI Summarization
ETF Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) Overview:
Profile:
- Focus: Seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Brazil 25/50 Index.
- Asset Allocation: Primarily invests in financial instruments, such as swaps and futures contracts, that track the performance of the underlying index.
- Strategy: Leverages its exposure to the underlying index to amplify daily returns.
Objective:
- To provide investors with a magnified exposure to the Brazilian stock market.
Issuer:
- Company: Direxion Shares
- Reputation and Reliability: Direxion is a well-established ETF issuer with a solid track record. They are known for their innovative and thematic ETFs.
- Management: The ETF is managed by an experienced team of investment professionals with expertise in leveraged and inverse strategies.
Market Share:
- BRZU has a relatively small market share within the Brazil ETF market.
Total Net Assets:
- As of November 8, 2023, BRZU has approximately $23.5 million in total net assets.
Moat:
- Leveraged Exposure: BRZU offers investors a way to gain magnified exposure to the Brazilian market, which can be advantageous in periods of strong market performance.
- Active Management: The ETF is actively managed, which allows the portfolio managers to adjust the exposure based on market conditions.
Financial Performance:
- Historical Performance: BRZU has experienced significant volatility in its performance. Over the past year, the ETF has returned 22.55%.
- Benchmark Comparison: BRZU has outperformed the MSCI Brazil 25/50 Index over the past year.
Growth Trajectory:
- The future performance of BRZU will depend on the performance of the Brazilian stock market.
Liquidity:
- Average Trading Volume: BRZU has an average trading volume of approximately 125,000 shares per day.
- Bid-Ask Spread: The bid-ask spread for BRZU is typically around 0.10%.
Market Dynamics:
- Economic Indicators: The performance of the Brazilian economy is a key factor affecting BRZU.
- Sector Growth Prospects: The outlook for the Brazilian stock market will also impact the ETF's performance.
- Current Market Conditions: Market volatility can also affect the ETF's performance.
Competitors:
- iShares MSCI Brazil Capped ETF (EWZ)
- VanEck Brazil Small-Cap ETF (BRF)
Expense Ratio:
- The expense ratio for BRZU is 0.95%.
Investment Approach and Strategy:
- Strategy: BRZU aims to track the daily performance of the MSCI Brazil 25/50 Index, with a 2x leverage factor.
- Composition: The ETF primarily invests in swap agreements and futures contracts on the underlying index.
Key Points:
- Provides leveraged exposure to the Brazilian stock market.
- Actively managed by an experienced team.
- Has experienced significant volatility in its performance.
- Relatively small market share.
Risks:
- Volatility: BRZU is a leveraged ETF, which means it is more volatile than the underlying index.
- Market Risk: The ETF is subject to the risks associated with investing in the Brazilian stock market.
- Counterparty Risk: The ETF relies on swap agreements and futures contracts, which expose it to the risk of counterparty default.
Who Should Consider Investing:
- Investors who are bullish on the Brazilian stock market and are comfortable with higher levels of risk.
- Investors who are looking for a way to magnify their exposure to the Brazilian market.
Fundamental Rating Based on AI:
- Rating: 7 out of 10
- Justification: BRZU has a unique investment strategy that provides leveraged exposure to the Brazilian market. However, the ETF is also subject to high levels of volatility and market risk.
- Factors Considered: The AI-based rating considered factors such as the ETF's financial performance, market position, and future prospects.
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Resources:
- Direxion Shares website: https://www.direxionshares.com/
- Yahoo Finance: https://finance.yahoo.com/quote/BRZU/
- ETF Database: https://etfdb.com/
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily MSCI Brazil Bull 2X Shares
The index measures the performance of the large- and mid-capitalization segments of the Brazilian equity market, covering approximately 85% of the free float-adjusted market capitalization of Brazilian issuers. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
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