EDC

The Direxion Direxion Daily Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund (ETF) that tracks the performance of the MSCI Emerging Markets Index. The fund is managed by Direxion and was launched in 2008.

The MSCI Emerging Markets Index is a market-capitalisation-weighted index that measures equity market performance across 24 emerging-market countries. It covers approximately 85% of the free-float-adjusted market capitalisation in each country and includes large- and mid-cap stocks.

EDC is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.

This is used in this portfolio Insomniac