Direxion Daily MSCI Brazil Bull 2X ETF

Frequently Asked Questions About BRZU

What does BRZU invest in?

The Direxion Daily MSCI Brazil Bull 2X ETF is designed to achieve daily investment outcomes that are double (200%) the performance of the MSCI Brazil 25/50 Index, before accounting for any fees or associated expenses. However, it's important to understand that the fund's capacity to consistently meet its stated investment goal is not guaranteed.

What is the expense ratio of BRZU?

Direxion Daily MSCI Brazil Bull 2X ETF (BRZU) charges an expense ratio of 1.32%. This is the annual fee deducted from fund assets to cover management and operations.

Is BRZU a good long-term hold?

BRZU 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 with 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 BRZU's daily reset work?

BRZU 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 BRZU?

Direxion Daily MSCI Brazil Bull 2X ETF (BRZU) manages $149.1M 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 BRZU actively managed or an index fund?

BRZU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.