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00640L

$--
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1d
1w
1m

Analysis and statistics

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About

The ETF with the financial product symbol 00640L.TW refers to Fubon NASDAQ leveraged (富邦NASDAQ正2), which is a leveraged exchange-traded fund (ETF) listed on the Taiwan Stock Exchange. It aims to provide twice the daily performance of the NASDAQ 100 index by using financial derivatives. This means that it is designed to amplify the daily gains and losses of the NASDAQ 100 index, making it a higher-risk, higher-reward investment product suitable for short-term trading strategies.
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Factors

Underlying Index Performance: The price of 00640L.TW, an inverse ETF, is primarily affected by the performance of its underlying index. Because it is an inverse fund, a decline in the index will generally cause the ETF's price to increase, and vice-versa.

Leverage Ratio: Being a leveraged inverse ETF, 00640L.TW amplifies the returns (both positive and negative) based on the underlying index's movement, making it more volatile.

Management Fees & Expenses: The ETF's expense ratio and other management fees reduce its returns over time, causing a slight price drag.

Supply and Demand: Market demand for 00640L.TW shares, relative to supply, impacts its price. Higher demand leads to price increases, and vice-versa.

Interest Rates: Inverse ETFs are often more sensitive to interest rate changes, as they affect the cost of holding short positions.

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