|Bid||18.17 x 800|
|Ask||18.24 x 1000|
|Day's Range||18.25 - 19.24|
|52 Week Range||16.70 - 49.13|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||2.00|
|Expense Ratio (net)||1.12%|
Saturday marks the inauguration for Mexico's newest president as Andrés Manuel López Obrador will take office and his policies, as he gets into the thick of his presidency, will weigh heavily on the Direxion Daily Latin America Bull 3X ETF (LBJ) . LBJ seeks daily investment results equal to 300% of the daily performance of the S&P Latin America 40 Index. The index itself is a float-adjusted market capitalization weighted equity index of issuers drawn from five major Latin American markets: Brazil, Chile, Columbia, Mexico, and Perú.
Emerging markets have been turned inside out this year after a spectacular run in 2017, but before an investor looks to dive into the deeply-discounted EM space after Wednesday’s 800-point drop in the Dow Jones Industrial Average, he or she must be still selective and exercise due diligence. Simply selecting a country-specific ETF in emerging markets without the proper research could be akin to catching a falling knife and as such, investors must use caution. While it may be enticing to see the red and buy into the dip, instabilities in certain countries’ financial systems could still leave these markets depressed, and as such, investors should shy away from these parts of the world.
The Latin America-focused Direxion Daily Latin America Bull 3X ETF (LBJ) closed Monday’s trading session up 12.65% thanks to the first round of Brazil’s presidential election, which saw far-right presidential candidate Jair Bolsonaro take the early lead. It was a much-needed boost for LBJ, which has been down over 30% year-to-date, but up 14.17% the past three years. LBJ was hinging upon Brazil's looming presidential election and it responded positively along with the surging Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) , which was up 20.4% by the closing bell.
The U.S. capital markets gained Monday on news that the United States and Canada reached an agreement to revamp the North American Free Trade Agreement, which would be supplanted by the United States-Mexico-Canada Agreement. The Latin America-focused Direxion Daily Latin America Bull 3X ETF (LBJ) is up 9.21% today and 32.5% the past month. “The modernization of the trade deal between Mexico, Canada and the United States concludes 13 months of negotiations and achieves what we proposed at the start: a win-win-win deal,” Pena Nieto said on a Twitter post.