Direxion has launched five new daily leveraged and inverse exchange-traded funds, focused on sectors that have attracted large assets and have high trading volume.
They include bull and bear funds that seek 300% of the daily performance or 300% of the inverse of the daily performance of the S&P Materials Select Sector Index and the S&P Healthcare Select Sector Index, and a fund that seeks 100% of the inverse of the daily performance of the MSCI US Broad Market Index.
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