WisdomTree Gold 3x Daily Leveraged (3GOL.L)
Company overview
The WisdomTree Gold 3x Daily Leveraged is an Exchange Traded Commodity (ETC) that is entirely backed by collateral. It's designed to offer investors a magnified way to track the price movements of gold. This ETC aims to deliver a total return equivalent to three times the daily performance of the Solactive Gold Commodity Futures SL Index (SOLWSGC1). This return calculation also incorporates any interest earned, after accounting for the various fees and expenses associated with the product. For illustration, if the Solactive Gold Commodity Futures SL Index increases by 1% over a single day, the ETC is expected to rise by approximately 3% (before fees). Conversely, a 1% decline in the index during the same day would typically result in a 3% decrease in the ETC's value, prior to charges.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
WisdomTree Gold 3x Daily Leveraged (3GOL.L)
No price history available.
The WisdomTree Gold 3x Daily Leveraged is an Exchange Traded Commodity (ETC) that is entirely backed by collateral. It's designed to offer investors a magnified way to track the price movements of gold. This ETC aims to deliver a total return equivalent to three times the daily performance of the Solactive Gold Commodity Futures SL Index (SOLWSGC1). This return calculation also incorporates any interest earned, after accounting for the various fees and expenses associated with the product. For illustration, if the Solactive Gold Commodity Futures SL Index increases by 1% over a single day, the ETC is expected to rise by approximately 3% (before fees). Conversely, a 1% decline in the index during the same day would typically result in a 3% decrease in the ETC's value, prior to charges.
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