The issuer of the Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) ETF is known for its dedication to providing investors with leveraged exposure to the Mexican equity market. This ETF seeks to deliver daily returns that are three times the performance of the MSCI Mexico IMI 25/50 Index. The MSCI Mexico IMI 25/50 Index measures the performance of the large-, mid-, and small-capitalization segments of the Mexican equity market, covering approximately 99% of the free float-adjusted market capitalization of companies traded primarily on the Bolsa Mexicana de Valores (Mexican Stock Exchange). With a focus on the consumer staples, financials, and communication services sectors, this ETF offers investors an opportunity to magnify their exposure to Mexican equities and capitalize on market movements.
While the primary focus of the MEXX ETF may not center around dividends, it reflects the dividend distribution of the underlying Trendpilot Indexes. The ETF's dividend distributions typically align with the policies of the constituent ETFs within the Trendpilot strategy, which aim to track the total return performance of various underlying indexes. These distributions can occur on a periodic basis, with the ETF dynamically adjusting its exposure based on objective, rules-based indicators like the Underlying Component Indicator, 50/50 Indicator, Treasury Indicator, and Special Indicator. Investors considering MEXX may find it appealing for its potential to manage volatility and maximize returns based on market trends and conditions.
MEXX, the Global X MSCI SuperDividend EAFE ETF, seeks to track the performance of the MSCI EAFE SuperDividend Index. This index measures the performance of 50 high dividend yielding equities from developed markets outside of North America. These companies are selected based on their attractive dividend yields and are designed to provide investors with exposure to dividend-paying stocks in international markets. MEXX employs a passive investment strategy, aiming to closely mirror the index's returns and offer investors a way to access international dividend opportunities.
The correlation aspect of the Direxion Daily MSCI Mexico Bull 3X Shares ETF (MEXX) is primarily tied to the performance of the MSCI Mexico Index. As MEXX seeks to provide triple (300%) daily exposure to this index, its correlation with the Mexican equity market is expected to be exceptionally strong on a daily basis. This strong correlation makes MEXX a powerful tool for traders seeking leveraged exposure to Mexican equities. For those interested in exploring deeper correlations and understanding how MEXX aligns with other assets, ETF Insider offers a valuable web app and visualization tool that provides comprehensive data and insights on various US ETFs, enabling investors to uncover potential overlaps and market trends effectively.
The Direxion Daily MSCI Mexico Bull 2X Shares ETF (MEXX) focuses on the Mexican equity market, aiming to provide twice the daily return of the MSCI Mexico IMI 25/50 Index. This index captures approximately 99% of the free float-adjusted market capitalization of companies primarily trading on the Mexican Stock Exchange. As of December 30, 2022, the index was concentrated in the consumer staples, financials, and communication services sectors. MEXX utilizes financial instruments like swap agreements and ETFs to achieve its investment objective, making it an option for those seeking leveraged exposure to Mexican equities.
The exposure profile of the Direxion Daily MSCI Mexico Bull 3X Shares ETF (MEXX) is designed to provide investors with triple daily leveraged exposure to the MSCI Mexico IMI 25/50 Index. This index covers a wide spectrum of Mexican equities, including large, mid, and small-cap companies, representing approximately 99% of the free float-adjusted market capitalization traded on the Bolsa Mexicana de Valores (Mexican Stock Exchange). The index primarily comprises constituents from the consumer staples, financials, and communication services sectors. For a comprehensive analysis of MEXX's exposure, investors can utilize ETF Insider's web app, which offers detailed insights, visualizations, and correlations for this ETF and others in the U.S. market.
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4 min readMEXX VS EWW 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.
3 min readFLMX VS MEXX 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.
4 min readEWW VS MEXX 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.
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.
