The issuer of the GGLS ETF, Rafferty Asset Management LLC, offers investors a unique opportunity to gain inverse or short leveraged exposure to Alphabet Inc. (GOOGL). The fund seeks to achieve its investment objective by entering into swap agreements with major global financial institutions to exchange the daily return of the fund's investment in GOOGL equal to -100% of the value of the fund's net assets. This ETF's strategy is to maintain consistent short exposure to GOOGL, irrespective of overall market movements, and it rebalances its portfolio daily to achieve this objective. Given its daily rebalancing, the GGLS ETF may experience high portfolio turnover and could deliver returns that differ from -100% of the underlying security's performance over longer periods.
While the primary focus of the Fund, under normal circumstances, is on achieving short leveraged exposure to GOOGL, its dividend distribution is subject to certain policies and considerations. The Fund aims to provide daily returns inversely correlated to the performance of GOOGL through swap agreements and options. As a result, it may not typically distribute dividends in the traditional sense. Instead, investors should expect returns based on the daily rebalancing and compounding of the Fund's performance relative to GOOGL. Please note that the Fund's investment objective and dividend policies may change without shareholder approval, making it essential for investors to stay informed about any updates regarding dividend distributions.
Tracking the performance of Alphabet, Inc. (GOOGL) is the primary objective of the GGLS ETF. The fund employs financial instruments like swap agreements and options to achieve 1X inverse (opposite) or short leveraged exposure to GOOGL, targeting at least 80% of its net assets. GGLS enters into swap agreements with major global financial institutions, aiming to daily exchange returns equal to -100% of its net assets for GOOGL. This strategy maintains a concentrated exposure to GOOGL's industry while attempting to achieve its investment objective without regard to overall market movement. Due to daily rebalancing and compounding, GGLS's returns can differ from -100% of the underlying security's return over longer periods.
The correlation aspect of the Global Leveraged GOOGL Short ETF (GGLS) is vital for understanding its performance. GGLS aims to provide -100% daily inverse exposure to the shares of Alphabet, Inc. (GOOGL). This means that it typically moves in the opposite direction of GOOGL's price movements, resulting in a strong negative correlation with the technology sector and internet and information services industry. Investors who seek to profit from declining prices in GOOGL or hedge their portfolios against potential losses in the technology sector can benefit from GGLS's negative correlation.
The GGLS Sector ETF primarily focuses on the technology sector, with a significant allocation to the internet and information services industry. This ETF seeks to provide investors with inverse (opposite) or short leveraged exposure to the performance of Alphabet, Inc. (GOOGL), which is assigned to the technology sector. The ETF aims to achieve its investment objective by employing financial instruments, such as swap agreements and options, and regularly rebalancing its holdings to maintain a consistent exposure to GOOGL. However, investors should be aware that due to daily rebalancing and compounding, the ETF's returns may differ from -100% of the underlying security's return over extended periods, potentially leading to losses even when the underlying security's performance declines over time.
The exposure characteristic of the GGLS ETF (example only) is designed to provide investors with a unique approach to gain inverse or short leveraged exposure to Alphabet, Inc. (GOOGL) equal to at least 80% of the Fund''s net assets. By utilizing financial instruments such as swap agreements and options, the Fund seeks to achieve daily returns inversely correlated to GOOGL''s performance. This concentrated exposure strategy allows investors to potentially profit from GOOGL''s industry movements without regard to overall market direction.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.
This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
5 min readThe GGLS ETF is a specialized investment fund that focuses on global companies in the relevant sectors. This exchange-traded fund offers investors exposure to a diverse range of innovative and cutting-edge companies engaged in advancements in the industry. Discover the potential growth opportunities and risks associated with investing in this dynamic sector through the GGLS ETF.
4 min readSPXL VS TQQQ are specialized investment funds that focus on a diverse range of sectors in the financial market. these exchange-traded funds offer investors exposure to various industries and companies, presenting potential growth opportunities and risks. it's essential to understand the underlying assets and strategies of these etfs before considering an investment.
5 min readThe GGLS ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
