Direxion Shares Exchange Traded Fund Trust - Daily Japan Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Japan Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the MSCI Japan Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is designed to measure the performance of the large and mid cap segments of the Japan equity market. As of Oct 31 2015, the Fund's total assets were $16,241,000 and its investment portfolio was valued at $12,314,543. The JPNL average annual return since 2013 is shown above.
The Average Annual Return on the JPNL average annual return since 2013 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether JPNL average annual return since 2013 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the JPNL average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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