Overview
Description
The WT Nasdaq 100 3x Daily Leveraged Fund is a specialized financial instrument designed to provide investors with triple the daily performance of the Nasdaq 100 Index. This fund is classified as an exchange-traded fund (ETF) and is intended primarily for sophisticated investors seeking amplified exposure to the high-growth technology and innovation sectors. It achieves its leveraged exposure through complex financial derivatives such as swaps and futures contracts. The fund is comprised of companies that represent the Nasdaq 100 Index, focusing heavily on leading technology firms but also includes healthcare, consumer services, and industrial companies. Due to its leveraged nature, it is instrumental in short-term speculative trades or strategic day trading, offering a powerful tool for investors looking to capitalize on short-term volatility and market trends. However, the leveraged approach also means this fund is subject to significant risk, and its value can fluctuate broadly, particularly over longer periods if not managed with caution.
About
Instrument type
ETF
Country
Italy
MIC code
XMIL