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00670L

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    166.6578$
  • Previous Close
    166.4388$
  • 52 Week Change
    --
  • Day Range
    0.22$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The ETF with the financial product symbol 00670L.TW refers to Fubon FTSE Taiwan Leverage, an exchange-traded fund listed on the Taiwan Stock Exchange. This ETF aims to provide investors with twice (2x) the daily performance of the FTSE Taiwan RIC Capped Index, before fees and expenses. It is designed for short-term trading rather than long-term investment, as the leveraged nature can lead to significant fluctuations and potentially amplified losses over extended periods.
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Factors

Underlying Index Performance: The price of 00670L.TW is directly affected by the performance of the underlying index it tracks, typically leveraged Taiwan stock indices.

Leverage Ratio: Being a leveraged ETF, its price changes are amplified relative to the underlying index. Higher leverage means greater price fluctuations.

Market Sentiment: General investor sentiment towards the Taiwan stock market and related sectors influences demand and thus the ETF's price.

Supply and Demand: Increased demand for the ETF pushes the price up, while increased selling pressure leads to a price decrease.

Management Fees and Expenses: The ETF's operating costs, including management fees, can indirectly impact its price by reducing returns.

Tracking Error: The ETF's ability to accurately track its underlying index affects its price relative to the index's actual performance.

Interest Rates: Changes in interest rates can impact the attractiveness of leveraged ETFs and affect investor demand.

Economic Conditions: Overall economic conditions in Taiwan and globally can influence investor confidence and impact the ETF's price.

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