EPV (Short Europe)EPV looks to b breaking out of a falling wedge pattern ahead of the FOMC. does this indicate a bounce in rates and the DXY?
Key stats
About ProShares UltraShort FTSE Europe ETF
Expense ratio
0.95%
Home page
Inception date
Jun 16, 2009
EPV is an aggressive inverse play on the developed European equity market. With the use of swaps and derivatives, the fund aims to provide -2x leveraged exposure to the FTSE Developed Europe All Cap Index, a market-cap-weighted index of large-, mid, and small-cap developed European companies. As a levered product with daily resets, EPV is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding. From the funds inception date through April 22, 2013, EPV reflected the performance of the MSCI Europe Index. Subsequently, the fund started tracking the FTSE Developed Europe Index. Effective on September 1, 2016, the fund made a minor change to its exposure by tracking an all-cap version of its underlying index, thereby expanding coverage into the small-cap space.
Classification
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government51.08%
Cash48.92%
Displays a symbol's price movements over previous years to identify recurring trends.