Triple Down on Japan
Looking back at 2013, not many markets outside of the United States performed well throughout the year. However, thanks to Prime Minister Shinzo Abe’s aggressive yen-hedging policies, Japan has excelled and risen above the fray. A similarly aggressive way to capitalize on continued Japanese market gains is the Direxion Daily Japan Bull 3X Shares (JPNL).
This non-diversified exchange-traded fund (ETF) seeks, before fees and expenses, to replicate 300% of the daily performance of the MSCI Japan Index. This index measures the performance of the large- and mid-cap segments of Japan’s equity market. JPNL only began trading on June 26, 2013. Since then, this ETF has risen 27.14%. As a triple-leveraged fund, JPNL is especially volatile.
Read more about this 3x bet on Japan at Eagle Daily Investor.