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3SPP

$--
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1d
1w
1m

Analysis and statistics

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About

3SPP.LSE refers to the WisdomTree S&P 500 3x Daily Leveraged. This is an Exchange Traded Fund (ETF) listed on the London Stock Exchange (LSE). It aims to provide investors with three times the daily performance of the S&P 500 index. Being a leveraged ETF, it's designed for short-term trading and carries a higher level of risk due to its amplified exposure. It is important to note that due to the effects of compounding, its long-term performance may deviate significantly from three times the S&P 500 index's performance. Investors should fully understand the risks associated with leveraged ETFs before investing.
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Factors

Underlying Asset Performance: The price of 3SPP.LSE is directly linked to the performance of the physical platinum it tracks. Platinum supply and demand dynamics, industrial use, investment demand, and geopolitical events influence platinum's price, thus impacting the ETF.

Supply and Demand for the ETF: Increased buying pressure on 3SPP.LSE pushes its price higher, while selling pressure lowers it. Market sentiment, investor confidence, and the availability of alternative investments influence this.

Expense Ratio and Tracking Error: The ETF's expense ratio, a management fee, reduces returns. Tracking error, the deviation between the ETF's performance and platinum's, also affects the price. Lower expense ratios and minimal tracking error are favorable.

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