NEXT NOTES Nifty PR 2x Leverage Index ETN (2046.T) Price
NEXT NOTES Nifty PR 2x Leverage Index ETN Price
Underlying
NEXT NOTES Nifty PR 2x Leverage Index ETN provides 2X daily exposure to NEXT.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
NEXT NOTES Nifty PR 2x Leverage Index ETN List of Holdings
Frequently asked questions about NEXT NOTES Nifty PR 2x Leverage Index ETN
NEXT NOTES Nifty PR 2x Leverage Index ETN is offered by NEXT NOTES, a leading player in the field of passive investments.
The ISIN of NEXT NOTES Nifty PR 2x Leverage Index ETN is JP5528340002.
NEXT NOTES Nifty PR 2x Leverage Index ETN aims to deliver 2 times the daily return of NEXT (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because NEXT NOTES Nifty PR 2x Leverage Index ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like NEXT NOTES Nifty PR 2x Leverage Index ETN are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
NEXT NOTES Nifty PR 2x Leverage Index ETN provides 2X daily long exposure to NEXT. When NEXT moves +1% in a day, NEXT NOTES Nifty PR 2x Leverage Index ETN targets approximately 2% (before fees).
The total expense ratio of NEXT NOTES Nifty PR 2x Leverage Index ETN is 0.85%, which means that investors pay 85.00 JPY per 10,000 JPY in investment capital annually.
The ETF is listed in JPY.
European investors may incur additional costs for currency exchange and transaction fees.
No, NEXT NOTES Nifty PR 2x Leverage Index ETN does not comply with the EU UCITS investor protection directives.
NEXT NOTES Nifty PR 2x Leverage Index ETN tracks the performance of the Nifty50 Leveraged (2x) Index (Price Return) - INR - Benchmark TR Net.
NEXT NOTES Nifty PR 2x Leverage Index ETN is domiciled in JP.
The fund was launched on 11/18/2014.
The NEXT NOTES Nifty PR 2x Leverage Index ETN mainly invests in Total Market companies.
The NAV of NEXT NOTES Nifty PR 2x Leverage Index ETN amounts to 23.70 B JPY.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
NEXT NOTES Nifty PR 2x Leverage Index ETN