One Fund Seeking to Be the 'CURE' to Market Volatility

One Fund Seeking to Be the 'CURE' to Market Volatility

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Business

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Hard

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The Direxion Daily Health Care Bull 3X Shares ETF, trading under the ticker CURE, offers investors three times exposure to healthcare companies for one day. It has outperformed the S&P 500, returning over 20% this year. CURE is a leveraged fund used for short-term trading, holding the XLV healthcare sector ETF and using derivatives to achieve its exposure. With $170 million in assets, it has a high expense ratio of 95 basis points. Despite its performance, CURE is considered risky due to its heavy leverage and daily resetting, receiving a red light in the Bloomberg Intelligence Traffic Light system.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the ticker symbol for the Direxion Daily Health Care Bowl ETF?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much has the Direxion Daily Health Care Bowl ETF returned this year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What type of exposure does the Direxion Daily Health Care Bowl ETF offer?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Which large cap healthcare companies are included in the Direxion Daily Health Care Bowl ETF?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the expense ratio of the Direxion Daily Health Care Bowl ETF?

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