- What does FNG invest in?
- It invests at least 80% of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the Underlying Security, on a daily basis, consistent with the fund’s investment objective. The fund is non-diversified.
- What is the expense ratio of FNG?
- Leverage Shares 2x Long FN Daily ETF (FNG) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.
- Is FNG a good long-term hold?
- FNG 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 FNG's daily reset work?
- FNG 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 FNG?
- Leverage Shares 2x Long FN Daily ETF (FNG) manages $5.6M 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 FNG actively managed or an index fund?
- FNG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
