The ULE ETF doubles the daily return on the EURUSD currency pair

ProShares Ultra Euro (ULE ETF) The weakness gives the daily development of the spot rate in the euro against the US dollar. ProShares Ultra Euro (ULE ETF), listed on NYSEArca is a dividend ETF. This exchange-traded fund comes with an annual management cost of 0.95 percent.

ULE Factset Insight Analytics

ULE Offers Double Leverage for EUR/USD pair. The fund receives this exposure with the help of futures contracts, as a result of which it distributes K-1 during the tax period. As a target product, ULE is not designed to be a long-term investment. Instead, it is a short-term trading instrument that is rebalanced daily.

The fund’s long-term return may differ significantly from the evolution of the euro against the US dollar due to the effects of path adoption and formation. Also keep in mind that ULE stands for the EUR/USD cross published in the Wall Street Journal – a value that may differ from other citation sources.

investment objectives

ProShares Ultra Euro It strives for daily investment results, before fees and expenses, which are twice (2x) the daily evolution of the EUR/USD rate.

Important considerations

The leveraged ProShares ETF seeks a return of twice the return of the underlying benchmark (target) for one day, measured from the NAV calculation to the next.

Due to the composition of daily returns, holding periods longer than 1 day can result in returns that differ significantly from target return, and ProShares returns over non-day periods are likely to differ in quantity and possibly direction from target return. for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with fluctuating parameters.

Investors should monitor their holdings frequently on a daily basis. Investors should refer to the prospectus for more information on calculating the return and risks of investing in this product.

Common uses of extended exposure

Striving for inflated gains (it will also magnify losses)

Get the target level of exposure for less money

Increase the weight of a segment of the market without extra cash

Fund Summary

The Fund seeks to achieve its investment objective by investing, under normal market conditions, in one or a group of financial instruments (including swap agreements, forward contracts and forward contracts) based on the Fund’s benchmark index. It will also hold cash or cash equivalents such as US government securities or other high quality securities, short-term interest bearing securities or similar securities as security for financial instruments and outstanding investments in financial instruments.

Handla ULE ETF

ProShares Ultra Euro (ULE ETF) Only available for purchase in the United States. For this reason, it is not available in Swedish online brokers. CMC . Markets However, trade progress in ULE ETF.

also AvaTrade Trade offers with ProShares Ultra Euro (ULE ETF) In the form of contracts for difference. to AvaTrade.

also IG However, trade progresses in ProShares Ultra Euro (ULE ETF). Until IGs ETF Checker.

Leave a Reply

Your email address will not be published. Required fields are marked *