MSR 100 – Exposure, Dollar Weighted Index
The MSR 100 Dollar Weighted Exposure Index shows the total return of being long one NASDAQ-100 futures contract (the “current” contract, which is the most liquid) through time. This is “dollar weighted” because an investor can simply divide the number of dollars they want to invest by the current dollar value of the NASDAQ-100 contract and own that number of contracts for perpetuity. The “cash equivalent” version of this index will closely track the total return of the NASDAQ-100 cash market index including dividends (which are by definition reinvested into the NASDAQ-100 automatically when you invest via futures).