Leverage Shares 2x Long TSM Daily ETF

Frequently Asked Questions About TSMG

What does TSMG invest in?

The Leverage Shares 2x Long TSM Daily ETF, trading under the symbol TSMG, is a geared investment vehicle designed for sophisticated active traders aiming to significantly amplify their short-term returns. This ETF targets a daily performance equal to two times (200%) that of the underlying TSM stock, prior to the deduction of its associated fees and expenses.

What is the expense ratio of TSMG?

Leverage Shares 2x Long TSM Daily ETF (TSMG) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

Is TSMG a good long-term hold?

TSMG 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 TSMG's daily reset work?

TSMG 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 TSMG?

Leverage Shares 2x Long TSM Daily ETF (TSMG) manages $29.0M 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 TSMG actively managed or an index fund?

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