Direxion Daily Financial Bull 3X ETF FAS

Direxion Daily Financial Bull 3X Shares ETF is an investment fund that tracks the performance of US large capitalisation companies in the financial sector. Managed by Direxion, the fund was established in 2008.

The Direxion Daily Financial Bull 3X Shares ETF looks to achieve daily investment results, before fees and expenses are included, of 300% of the daily performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index. At least 80% of the net assets of the fund are invested into financial instruments and securities of companies included in the index, as well as other financial instruments that provide leveraged exposure to ETFs. It is a non-diversified ETF. The base currency of this fund is USD.

Direxion Daily Financial Bull 3X Shares ETF is listed on the NYSE Arca exchange under the ticker FAS. As of 14 April 2022, this ETF had total net assets of $2.93bn. This fund includes investments in the financial and information technology sectors. As of 31 December 2021, some of the fund’s top holdings included Berkshire Hathaway Inc, JPMorgan Chase & Co, Bank of America Corp, Wells Fargo & Co and Morgan Stanley.

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