Sector & Thematic Strategy Briefing - Wednesday 29th March 2023 - The Berkeley, London Please join us for our annual sector and thematic investing event, featuring DWS Xtrackers, First Trust, MSCI, Redburn and Sprott Asset Management. Please register now if you would like to attend.

New York-based ETF provider Direxion is changing the underlying index of the Direxion Daily Small Cap Bull 1.25X Shares (NYSE Arca: LLSC). As of 1 December 2017, the fund will switch from using the Russell 2000 Index to the S&P Small Cap 600 Index.

Sylvia Jablonski, managing director at Direxion.

Sylvia Jablonski, managing director at Direxion, commented: “We are very pleased to expand our relationship with Standard & Poors, whose indices have long been among the leaders in the industry. The S&P Small Cap 600 Index provides our investors with the most recognizable exposure to US small-cap equities.”

The ETF is a leveraged fund which gives investors 1.25x the performance of the underlying index.

The fund was launched in January 2015 and has $8.8 million in assets with a total expense ratio of 0.28%.