MicroSectors Gold Miners 3x Leveraged ETNMicroSectors Gold Miners 3x Leveraged ETNMicroSectors Gold Miners 3x Leveraged ETN

MicroSectors Gold Miners 3x Leveraged ETN

No trades
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Key stats


Assets under management (AUM)
‪412.30 M‬USD
Fund flows (1Y)
‪69.91 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−8.5%

About MicroSectors Gold Miners 3x Leveraged ETN


Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Inception date
Dec 2, 2020
Index tracked
S-Network MicroSectors Gold Miners Index - Benchmark TR Gross
Management style
Passive
GDXU is a note that provides 3x daily leveraged exposure. As such, it is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from 3x exposure to its underlying index if held for longer than a day. GDXU`s underlying index, the S-Network MicroSectors Gold Miners Index, is comprised of two established ETFs, namely: VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), which primarily invest in the global gold mining industry. Both ETFs select and weight its constituents by market cap. Knowledge of the benefits and risks is paramount before investing in this product.

Classification


Asset Class
Equity
Category
Sector
Focus
Materials
Niche
Gold miners
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows