KLNE Profile
The Direxion Daily Global Clean Energy Bull 2X Shares ETF aims to provide investors with leveraged exposure to the global clean energy sector. The fund is designed to track the performance of companies in developed markets that are heavily involved in the clean energy industry. By using a strategy that seeks to deliver twice the daily return of the underlying index, the ETF offers an amplified approach to investing in the clean energy space, reflecting the dynamic nature of this rapidly growing sector.
Under normal market conditions, the Direxion Daily Global Clean Energy Bull 2X Shares ETF invests at least 80% of its net assets in a range of financial instruments that provide leveraged exposure to the index. These instruments include swap agreements, securities that comprise the index, and ETFs that track the index. The fund's use of leverage is aimed at achieving a return that is twice the daily performance of the underlying index, allowing investors to benefit from short-term movements in the clean energy sector.
The underlying index itself is designed to measure the performance of companies whose business operations and financial outcomes are closely linked to the global clean energy market. This includes companies involved in various aspects of clean energy production, such as renewable energy generation, energy storage, and technology related to reducing carbon emissions. The index captures the performance of firms in developed markets that are driving advancements in clean energy technologies and benefiting from the global shift towards sustainable energy solutions.
Managed by Direxion, a firm known for its innovative leveraged and inverse ETFs, the Direxion Daily Global Clean Energy Bull 2X Shares ETF is tailored for investors seeking high-risk, high-reward opportunities in the clean energy sector. The fund's strategy is suitable for those with a bullish outlook on clean energy and a tolerance for the volatility associated with leveraged investments. Direxion's expertise in managing leveraged products ensures that the ETF provides targeted exposure to the clean energy sector, aligning with the firm's broader commitment to offering investment solutions that address dynamic market trends.
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