Direxion has launched four new leveraged exchange-traded funds, tied to the DAXglobal Russia Index and the DAXglobal Agribusiness Index. Each of the funds seeks 300% of the daily performance or the daily inverse of those indexes.
The funds are: Direxion Daily Agribusiness Bear 3x Shares, Direxion Daily Russia Bear 3x Shares, Direxion Daily Agribusiness Bull 3x Shares and Direxion Daily Russia Bull 3x Shares.
“Our new leveraged ETFs are the latest in Direxion’s growing line of tactical trading funds offering magnified benchmark exposure for investors who actively manage their trading positions,” said Direxion President Dan O’Neill. “The funds’ launch reinforces Direxion’s commitment to providing innovative investment products that enable sophisticated investors to take advantage of short-term market opportunities as part of their overall investment strategies.”