The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI Brazil 25/50 Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or exchange-traded funds ("ETFs") that track the index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Brazilian equity market, covering approximately 85% of the free float-adjusted market capitalization of Brazilian issuers. It is non-diversified.
Corruption and bribery charges against the President in Brazil caused the big drop here, but getting some bounce back today.
This one too volatile for me I did buy some PBR on the crash yesterday and sold out earlier today. Will see if we get another buying opportunity
The Index is now over 100,000 and look at where BRZU is still at. In my opinion this is a horrible ETF. Look at market gains the last 3 years and look at ETF Price today https://www.investing.com/indices/ibovespa-futures https://www.investing.com/etfs/direxion-daily-brazil-bull-3x-shrs
