BULZ ETN - MicroSectors Solactive FANG & Innovation 3X Leveraged ETN: $BULZ скачать в хорошем качестве

BULZ ETN - MicroSectors Solactive FANG & Innovation 3X Leveraged ETN: $BULZ

The MicroSectors Solactive FANG & Innovation 3X Leveraged ETN, ticker symbol BULZ, is an exchange-traded note (ETN) that aims to provide investors with three times the daily returns of the Solactive FANG & Innovation Index. The index, which is maintained by Solactive AG, is composed of companies that are considered to be part of the "FANG" group (Facebook, Amazon, Netflix, and Google) and other high-growth technology companies. The BULZ ETN is issued by Janus Henderson Investors and is listed on the NYSE Arca exchange. It was first issued in January 2020 and has an expense ratio of 0.95%. The BULZ ETN is a leveraged product, which means that it uses financial derivatives to amplify the returns of the underlying index. Specifically, the ETN uses futures contracts and swaps to achieve its 3x leverage. This means that if the Solactive FANG & Innovation Index goes up 1%, the BULZ ETN aims to provide a return of 3%. However, it also means that if the underlying index goes down 1%, the BULZ ETN aims to lose 3%. Because of the use of leverage, ETNs like BULZ are considered to be high-risk investments. They are not suitable for all investors and should only be considered by those who have a high tolerance for risk and are comfortable with the potential for significant losses. It is important to note that the leveraged returns will decrease over time due to the compounding effect of daily returns. Additionally, ETNs are unsecured debt securities, which means that they are not backed by any underlying assets. Instead, investors are effectively lending money to the issuer in exchange for the promise of a return. This means that in the event of a default by the issuer, investors may not be able to recover their principal. In conclusion, the MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is a high-risk investment that aims to provide investors with three times the daily returns of the Solactive FANG & Innovation Index. It is important to understand the risks and potential losses associated with leveraged ETNs before investing and it is not suitable for all investors.