Description

This WisdomTree Exchange Traded Product (ETP), known as the EURO STOXX Banks 3x Daily Leveraged, is a UCITS-compliant and fully collateralized investment vehicle. Its core objective is to offer investors amplified exposure to the daily performance of the EURO STOXX Banks sector. The ETP achieves this by closely tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index (SX7T3L). Consequently, it aims to deliver a total return that corresponds to three times (3x) the daily movements of its underlying benchmark, the EURO STOXX Banks Net Return Index. This return is, however, adjusted to account for the operational expenses and inherent costs associated with maintaining such a geared equity position. To illustrate, should the EURO STOXX Banks Net Return Index advance by 1% on any given day, the ETP is designed to appreciate by approximately 3%, before expenses. Conversely, a 1% decline in the underlying index would typically result in a 3% decrease in the ETP's value, prior to the deduction of fees.