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00708L

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1d
1w
1m

Analysis and statistics

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About

00708L.TW represents the Yuanta Daily Taiwan 50 Bull 2X ETF, an exchange-traded fund listed on the Taiwan Stock Exchange. This ETF aims to provide investors with twice the daily investment return of the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX), commonly known as the Taiwan 50 Index. It is a leveraged ETF, meaning it uses financial derivatives to amplify the returns of its underlying index, and is designed for short-term trading rather than long-term investment due to the effects of compounding and volatility.
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Factors

Leverage Ratio: Higher leverage amplifies both gains and losses, increasing price volatility.

Underlying Index Performance: Tracks the inverse of the index, so price moves inversely to the index's performance.

Interest Rates: Higher interest rates can decrease the attractiveness of leveraged ETFs.

Trading Volume and Liquidity: Lower liquidity can lead to wider bid-ask spreads and price fluctuations.

Management Fees and Expenses: These reduce returns and impact the overall price.

Market Sentiment: Overall market optimism or pessimism influences trading activity and price.

Rebalancing Costs: The cost of maintaining leverage can affect returns.

Supply and Demand: Imbalance between buyers and sellers affects the ETF's price.

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