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.

Direxion has unveiled two new ETFs providing investors with opportunities to gain leveraged exposure to European and Japanese equity markets while mitigating currency risk. The Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares (HEGE) and the Direxion Daily MSCI Japan Currency Hedged Bull 2X Shares (HEGJ) aim to return 200% of the MSCI Europe Index and the MSCI Japan Index respectively, while providing a full currency hedge. “With the US dollar continuing to demonstrate strength against rival developed-market currencies, mitigating currency risk is a key concern for traders focused on international markets”, said Brian Jacobs, President of Direxion Investments.

The iBillionaire ETF has gone live on the NYSE Arca in what is perhaps the most eagerly anticipated exchange-traded fund launch of the year so far. Launched in partnership with Direxion Investments, the Direxion iBillionaire Index ETF (IBLN) enables ordinary, everyday investors to invest alongside some of the United States’ best known billionaire investors. The ETF is linked to the iBillionaire Index, an index which tracks the top stock picks of Wall Street titans such as Warren Buffett, George Soros, Carl Icahn, John Paulson, Ray Dalio, David Tepper, Edward Lampert and David Einhorn.

Direxion Investments, a leading provider of short and leveraged exchange-traded funds, has listed three new 2x leveraged ETFs on the NYSE Arca, offering exposure to the NYSE 7-10 Year Treasury Bond, S&P Mid Cap 400 and Russell 2000 indices. Brian Jacobs, President of Direxion Investments, said: “These three ETFs are part of our effort to build up our suite of 2x leveraged funds and provide as many options as possible for experienced traders to achieve risk-managed returns regardless of market conditions, or their preferred amount of leverage.”

Speaking at a conference earlier this week, Larry Fink, chief executive and chairman of BlackRock, the parent of iShares, argued that leveraged exchange-traded products represent “a structural problem that could blow up the whole industry one day”. He also asserted that iShares, the world’s largest provider of ETFs, “would never do a leveraged ETF”. His views, however, have not gone down well with all ETP industry participants, least of all with the providers of such products, which include major companies such as ProShares, Direxion and Boost ETP, a subsidiary of WisdomTree.

Direxion, a provider of short and leveraged exchange-traded funds, has announced the launch of two ETFs offering triple leveraged long and short exposure to gold. Listed on the NYSE Arca, the Direxion Daily Gold Bull 3X Shares (GLDL) and Direxion Daily Gold Bear 3X Shares (GLDS) seek to deliver 300 percent of the daily performance or 300 percent of the inverse of the daily performance, respectively, of Comex Gold Futures traded on the Chicago Mercantile Exchange.

Direxion, a US-based provider of short and leveraged ETFs, has begun a marketing campaign designed to raise the profile of its 3x leveraged products among experienced, active traders. Dan O’Neill, Chief Executive Officer of Direxion, said: “For tactical, active traders who wish to employ leverage to maximize their exposure to a specific index, our 3x products offer the boldest way to trade. This campaign is intended to continue our dialogue with active traders and raise awareness of the extensive lineup of bull and bear strategies Direxion offers.”

Direxion, a leading provider of short and leveraged exchange-traded funds, has introduced two new products offering triple leveraged long and short exposure to a global portfolio of junior gold mining companies. Both products have been listed on the NYSE Arca and are linked to the Market Vectors Junior Gold Miners Index.

Gold mining stocks around the world have reacted to the unveiling of the revamped NYSE Arca Gold Miners Index, underlying index to the giant Market Vectors Gold Miners ETF (GDX). With some $6.4 billion in assets under management, GDX is comfortably the world’s largest gold miner-focused exchange-traded fund (ETF) – the composition of its underlying index therefore matters to gold mining companies.