MAX S&P 500 4X Leveraged ETN
SPYU
MAX S&P 500 4X Leveraged ETN SPYU Strategy
The investment seeks to achieve a four times leveraged participation in the daily performance of the S&P 500® Total Return Index.
The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a daily basis. The notes are designed to reflect a 4x leveraged long exposure to the performance of the index on a daily basis (as described below), before taking into account the negative effect of the Daily Investor Fee, the Daily Financing Charge and the Redemption Fee Amount, if applicable.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.
ETFs News & Analysis
etfs
Our top rated Vanguard ETFs
These ETFs provide exposure to bonds, global shares and local shares.
etfs
Our best ETF ideas
We’ve put the best ETF ideas from our analysts and editorial team in one place.
etfs
Mark to market: Dividends and the issuance and redemption of ETFs
Mark answers a reader question about the mechanics of ETFs.
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,979.40 | 22.00 | -0.24% |
| CAC 40 | 7,813.97 | 36.46 | -0.46% |
| DAX 40 | 24,292.55 | 51.73 | 0.21% |
| Dow JONES (US) | 44,766.33 | 243.96 | -0.54% |
| FTSE 100 | 9,144.95 | 83.46 | 0.92% |
| HKSE | 25,667.18 | 129.11 | 0.51% |
| NASDAQ | 21,059.31 | 39.29 | 0.19% |
| Nikkei 225 | 41,826.34 | 655.02 | 1.59% |
| NZX 50 Index | 12,805.13 | 11.07 | 0.09% |
| S&P 500 | 6,367.96 | 9.05 | 0.14% |
| S&P/ASX 200 | 8,709.40 | 27.80 | -0.32% |
| SSE Composite Index | 3,605.73 | 23.43 | 0.65% |