Direxion has lifted the temporary suspension on creation units for the Daily Junior Gold Miners Index Bull 3X Shares ETF (NYSE: JNUG) that had been in place since 13 April.

Direxion has launched the Direxion Auspice Broad Commodity Strategy ETF (NYSE: COM) which seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The index utilizes a rules-based process to capture trends in 12 diversified commodity markets using a quantitative methodology. Positions in each of the 12 commodities can be either long or flat, based on risk reduction where the allocation of individual components is reduced if volatility exceeds certain predetermined risk levels.

Direxion has launched the Direxion Daily Consumer Staples Bear 1X Shares (NYSE: SPLZ) and the Direxion Daily Utilities Bear 1X Shares (NYSE: UTLZ), providing single inverse exposure to the performance of US firms operating in the consumer staples and utilities sectors respectively. The firm is building out its suite of inverse US sector ETFs having previously launched funds targeting companies within the energy, technology and financial sectors.

The Financial Conduct Authority (FCA) has announced its intention to crackdown on firms selling contracts for difference (CFDs), highly speculative financial products with margin requirements as low as 2%. The proposal for stricter rules for firms offering CFDs saw the share price of firms offering these products plunge, in one case as much as 40%. The tougher regulation may provide a boon for the leveraged ETF market however as the funds are considered a less aggressive alternative to CFDs.

The ETF industry has a revenue-generating potential of around $6bn per year in the US alone, according to data from FactSet Research Systems. The figure, approximated by summing the “annual revenue potential” of each US-listed ETF, is mainly derived from low-cost, “plain vanilla” ETFs which generate roughly $3.8bn in revenue. More exotic and specialised products, although making up just 28% of US ETF assets, generate a healthy $2.2bn in revenue due to their ability to command higher fees.

Inverse and leveraged exchange-traded fund provider Direxion has launched a new US-listed ETF – the Direxion Daily European Financials Bear 1X Shares (NYSE Arca: EUFS), allowing investors to gain bearish exposure to the equities of European financial firms. The European financial sector has been hard hit thus far this year as low growth, negative interest rates and stock market volatility have weighed heavily on share prices. Sylvia Jablonski, Managing Director at Direxion, commented: “We think EUFS is coming to market at the right time as European banks face the challenges of troubling stress tests, risks associated with contagion, and the aftermath of Brexit.”

Inverse and leveraged exchange-traded fund provider Direxion has launched two new ETFs offering 2x leveraged exposure to European financials and single inverse exposure to gold miners. The Direxion Daily European Financials Bull 2X Shares (NYSE Arca: EUFL) seeks to achieve 200% of the daily performance of the MSCI Europe Financials Index, while the Direxion Daily Gold Miners Index Bear 1X Shares (NYSE Arca: MELT) seeks to achieve 100% of the inverse of the daily performance of the NYSE Arca Gold Miners Index. Sylvia Jablonski, Managing Director at Direxion. “The launch of the European Financials leveraged ETF is timely, as market reaction to the EU situation presents the chance for bullish traders to magnify their short-term perspective. Our new Gold Miners bear ETF will complement the existing suite of ETFs tracking that space, to give traders another option for taking advantage of short-term opportunities.”

Short and leveraged exchange-traded fund provider Direxion has launched a new fund offering investors double the inverse daily performance of an index of US-listed high yield bonds. The Direxion Daily High Yield Bear 2X Shares (HYDD) has begun trading on the NYSE Arca. he fund’s reference index is the Barclays US High Yield Very Liquid Index, which tracks US dollar-denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year and $600m or more of face value outstanding.

Japanese equity exchange-traded funds have experienced significant declines recently as traders reacted to the Bank of Japan’s decision not to add further monetary stimulus and the upcoming Brexit vote weighed heavily on risk sentiment. The iShares MSCI Japan USD Hedged UCITS ETF (LSE: IJPD) and the SPDR MSCI Japan EUR Hedged UCITS ETF (LSE: JPEH), two of the largest funds to cover the space, are both down 9.3% between 31 May and 16 June 2016.

Weaker than expected US economic fundamentals is setting the stage for the next gold bull market, according to exchange-traded fund provider Van Eck Global. A US jobs report in May that was significantly below expectations has resulted in lower expectations for the US economic recovery and an increase in the relative attractiveness of risk-off assets. Van Eck also believes this opens the door for further gains in gold mining equities.