Leveraged Europe ETF Sees Increased Activity Ahead of ECB Meeting

It must be noted that neither VGK nor EURL are currency hedged products and the FTSE Developed Europe Index is not explicit Eurozone play. VGK allocates a combined 45.7% of its weight to the U.K. and Switzerland.

One point in favor of EURL is that it is up 8.2% since its debut, which is better than triple the 2.2% returned by VGK over the same time.

Another potential high point for EURL is the utility of these type of ETFs for active traders, emphasis on active traders, around major global events. That point has been proven this year by various volume and creation increases in the Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS) and the Direxion Daily Russia Bull 3x Shares (NYSEArca: RUSL). [From Russia With Leverage]

Direxion Daily FTSE Europe 3x Bull Shares