Direxion Daily South Korea Bull 3X Shares company info

What does Direxion Daily South Korea Bull 3X Shares do?
Direxion Daily South Korea Bull 3X Shares (NYSEARCA:KORU) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond to three times (3x) the daily performance of the MSCI Korea 25/50 Index. This ETF is designed for investors looking to magnify their exposure to the South Korean equity market. Direxion Daily South Korea Bull 3X Shares employs leveraged investment strategies in an attempt to achieve its investment objective, making it suitable for experienced investors who understand the potential risks and rewards of leveraging. The primary objectives of this fund include offering a powerful tool for investors aiming to achieve outsized returns from short-term movements in the South Korean market, while also managing the inherent risks of leveraged investing through sophisticated financial instruments and techniques.
Direxion Daily South Korea Bull 3X Shares company media
Company Snapshot

Is Direxion Daily South Korea Bull 3X Shares a public or private company?

key
Ownership
Public

How many people does Direxion Daily South Korea Bull 3X Shares employ?

people
Employees
56

What sector is Direxion Daily South Korea Bull 3X Shares in?

pie chart
Sector
ETF

Where is the head office for Direxion Daily South Korea Bull 3X Shares?

location pin
Head Office
New York, United States

What year was Direxion Daily South Korea Bull 3X Shares founded?

founded flag
Year Founded
2013
What does Direxion Daily South Korea Bull 3X Shares specialise in?
/Leveraged ETF /South Korea /Equity Exposure /Daily Resetting /Financial Services /Market Volatility
What are the products and/or services of Direxion Daily South Korea Bull 3X Shares?
Overview of Direxion Daily South Korea Bull 3X Shares offerings
Triple Leveraged Long Exposure to South Korean Market: KORU offers leveraged exposure that seeks to deliver returns that are 300% of the daily performance of the MSCI South Korea Index (net of fees). This means it aims to amplify gains if the South Korean stock market represented by the index goes up.
Focus on Short-Term Results: Due to the daily reset of leverage, KORU is designed for short-term investors with a bullish outlook on the South Korean stock market. The effects of compounding don't apply over longer periods, making it less suitable for long-term buy-and-hold strategies.
Potential for Amplified Gains: The 3x leverage magnifies not only gains but also losses. If the South Korean stock market declines, KORU could experience significant losses that are also tripled.
Higher Volatility: Due to the leveraged nature, KORU experiences magnified volatility compared to the underlying index. Small movements in the index can result in larger swings in the ETF's price.
Daily Resetting Leverage: KORU utilizes leverage to magnify its daily returns. However, this leverage resets each day. This means the fund rebalances each day to achieve its target return relative to the index.
Exchange-Traded Shares: KORU is listed on the NYSE Arca exchange under the ticker symbol KORU. This allows investors to easily buy and sell shares like any stock, offering a leveraged way to play a bullish view on the South Korean stock market in the short term. However, the leveraged nature and focus on short-term results make KORU a complex financial instrument with significant risks.