Direxion rolls out five triple leveraged ETFs

May 4th, 2017 | By | Category: ETF and Index News

Inverse & leveraged exchange-traded fund provider Direxion has rolled out five leveraged ETFs, providing triple long exposure to various sector plays as well as Mexico’s broad equity market performance.

Sylvia Jablonski, managing director at Direxion

Sylvia Jablonski, managing director at Direxion.

Sylvia Jablonski, managing director at Direxion, commented: “With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape. We aim to provide traders with ways to capitalize on opportunities created by those new policies.”

Each fund has a total expense ratio of 0.95% due to a contractual fee waiver in place until at least September 2018. The list of ETFs, along with their respective underlying indices and gross expense ratios, are listed below:

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSE: DFEN)
. Gross expenses – 1.09%
Dow Jones US Select Aerospace & Defense Index
Direxion Daily Industrials Bull 3X Shares (NYSE: DUSL). Gross expenses – 1.09%
Industrials Select Sector Index
Direxion Daily MSCI Mexico Bull 3X Shares (NYSE: MEXX)
. Gross expenses -1.10%
MSCI Mexico IMI 25/50 Index
Direxion Daily Transportation Bull 3X Shares (NYSE: TPOR)
. Gross expenses – 1.09%
Dow Jones Transportation AverageTM
Direxion Daily Utilities Bull 3X Shares (NYSE: UTSL)
. Gross expenses – 1.02%
Utilities Select Sector Index

Inverse and leveraged ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. While these funds may provide an efficient means for sophisticated traders to obtain tactical exposures, they are generally considered unsuitable for retail investors who may not fully understand the risks involved, such as the potential for considerable losses in volatile but range bound markets if the fund is held for an extended period.

Following the new launches, Direxion’s line-up of leveraged and inverse ETFs consists of 75 funds.

Tags: , , , , , , , ,

Leave a Comment