- What does ASMU invest in?
- The Direxion Daily ASML Bull 2X ETF aims to deliver daily investment returns that are two times (200%) the performance of the common stock issued by ASML Holding N.V. (NASDAQ: ASML), prior to the assessment of any fees and expenses.
- What is the expense ratio of ASMU?
- Direxion Daily ASML Bull 2X ETF (ASMU) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.
- Is ASMU a good long-term hold?
- ASMU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does ASMU's daily reset work?
- ASMU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is ASMU?
- Direxion Daily ASML Bull 2X ETF (ASMU) manages $15.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is ASMU actively managed or an index fund?
- ASMU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
