WisdomTree NASDAQ 100 3x Daily Short (QQQS.L) LSE
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Address
3 Lombard Street
London, EC3V 9AA
Ireland
Phone
353-1800-000-036
Sector
Financial Services
Industry
Asset Management - Leveraged
Employees
N/A
First IPO Date
December 13, 2012
This WisdomTree Exchange Traded Product (ETP) is a fully backed, UCITS-approved investment vehicle created to provide investors with magnified inverse exposure to the NASDAQ 100 index. It seeks to generate a total return equivalent to three times the opposite daily movement of the NASDAQ 100 Total Return Index (XNDX), after accounting for its own management fees and the various revenues and expenses associated with shorting stocks. For instance, if the NASDAQ 100 Total Return Index rises by 1% during a trading day, the ETP would typically fall by 3%, not including fees. Conversely, a 1% decrease in the index over the same daily period would generally lead to a 3% gain for the ETP, before fees.