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.

Short and leveraged (S&L) exchange-traded fund provider Direxion Investments has changed the underlying reference index on six of its triple-leveraged long and short US Treasury bond ETFs. The move will see the ETFs switch from index provider NYSE to the Intercontinental Exchange. Eric Falkeis, Chief Operating Officer, Direxion, commented: “Choosing Intercontinental Exchange as the new benchmark index provider for our Treasury ETFs is the result of a thorough due diligence process. Their proven expertise in index design and calculation services were important factors in our decision.”

Charles Schwab, a low cost broker, has unveiled the Schwab ETF OneSource 2016 ETF Industry Outlook, an interactive microsite that explores the ETF topics and trends that will be most important to investors and advisors in the year ahead. Heather Fischer, Vice President of ETF Platform Management at Charles Schwab, commented: “The Schwab ETF OneSource 2016 ETF Industry Outlook is a dynamic collaboration among Schwab ETF OneSource participants designed to shed light on the ETF landscape and provide investors with practical insights about ETF investing in today’s market environment.”

The US Securities and Exchange Commission (SEC) has proposed a new rule that would limit the use of derivatives by registered investment companies, including exchange-traded funds. If it were to come into force, the proposed rule could have a significant impact on US-listed leveraged long and short ETFs, potentially forcing providers such as Direxion and ProShares to change the legal structure or leverage factor of affected products, or even close them down.

Direxion Investments, a US-based provider of short and leveraged (S&L) exchange-traded funds, has launched three new ETFs offering short exposures to the biotech, healthcare and natural gas industries. These ETFs complement existing funds offering bullish exposures in their respective sectors, affording investors with greater flexibility to tailor their desired exposure. S&L funds are usually held for a limited period of time and serve the purpose of allowing investors to capture movements in price attributable to short-term event-driven news.

Direxion Investments, a US-based provider of short and leveraged exchange-traded funds, has launched two pairs of ETFs which seek to deliver 2x long and 2x inverse exposure to the cyber security and pharmaceutical industries. “Traders and investors continue to express keen interest in the cyber security and pharmaceutical sectors,” said Sylvia Jablonski, Managing Director at Direxion. “Our new leveraged ETFs enable traders to benefit from exposure to these industries, regardless of market conditions and sector performance, in a flexible way.”

Direxion, a US-based provider of short and leveraged exchange-traded funds, has launched four new products linked to US home-building and residential mortgage lending on the NYSE Arca. The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF (NAIL) and the Direxion Daily Homebuilders & Supplies Bear 3x Shares ETF (CLAW) provide triple the daily return and triple of the daily inverse return of the Dow Jones US Select Home Construction Index respectively, while the Direxion Daily Regional Banks Bull 3x Shares ETF (DPST) and the Direxion Daily Regional Banks Bear 3x Shares ETF (WDRW) provide triple the daily return and triple of the daily inverse return of the Solactive US Regional Bank TR Index respectively.

Direxion Investments, a US-based provider of short and leveraged exchange-traded funds, has launched the first ever US-listed ETF providing short exposure to the Chinese A-Share market. The Daily CSI 300 China A Share Bear 1X ETF (NYSE Arca: CHAD) tracks the inverse return of the CSI 300 Index, a market-capitalisation weighted reference of the performance of the 300 largest China A-Share companies. The recent volatility in Chinese equity prices has highlighted the need for more flexible tools when investing in these markets.