Direxion Adds Materials, Healthcare and Total Market ETFs to Lineup

Tue, 06/21/2011 - 19:14 EDT - Seeking Alpha

Ron Rowland submits:Direxion announced the addition of five new ETFs to its lineup last week (6/15/11). Four of the new funds are 3x leveraged bullish and bearish plays on the materials and health sectors. The fifth is a non-leveraged total U.S. stock market bear fund. Direxion Daily Basic Materials Bull 3x Shares (MATL) seeks daily investment results of 300% of the price performance of the S&P Materials Select Sector Index with a 0.95% expense ratio. Overview and fact sheet (pdf). Direxion Daily Basic Materials Bear 3x Shares (MATS) seeks daily investment results of 300% of the inverse (opposite) of the price performance of the S&P Materials Select Sector Index with a 0.95% expense ratio. Overview and fact sheet (pdf). Direxion Daily Healthcare Bull 3x Shares (CURE) seeks daily investment results of 300% of the price performance of the S&P Health Care Select Sector Index with a 0.95% expense ratio. Overview and fact Complete Story »

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Direxion Rolls Out Leveraged Healthcare, Materials ETFs
Michael Johnston submits:Direxion continued the expansion of its already robust lineup of leveraged and inverse ETFs on Wednesday, debuting two pairs of 3x daily products along with an inverse fund offering short exposure to an index replicated by one of the most popular U.S. equity ETFs. The latest additions to the ETF lineup include:
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By Ron Rowland:DirexionShares announced this month it will close nine of its 3x leveraged ETFs. The affected funds target domestic sectors as well as certain emerging markets. Their shares will be de-listed from NYSE Arca as of the close on September 5, 2012, with the liquidation process to be completed a week later.
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Ron Rowland submits:Direxion rolled out four new ETFs yesterday (5/25/11) providing +3x and -3x leveraged exposure to existing ETF offerings from Van Eck Market Vectors. This is not the first time Direxion has taken this path, having added leverage to the Market Vectors Gold Miners ETF (GDX) last December.
Direxion Launches Leveraged ETFs for Healthcare, Materials
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Direxion Launches Leveraged Russia, Agribusiness ETFs
Michael Johnston submits:Direxion rolled out the latest additions to its lineup of leveraged and inverse ETFs today, introducing products that offer 3x daily exposure to Russian equities and the global agribusiness sector. The new ETFs include:
Ticker Changes for Direxion and PowerShares ETFs
Ron Rowland submits:Direxion changed the ticker symbols for its pair of China 3x ETFs effective June 15. As mentioned in my recent ETF Stats report, Invesco PowerShares changed the name, ticker, underlying index and expense ratio for seven of its style-box ETFs effective June 16, 2011.
Worst ETFs of 2010 (So Far)
Dan Pritch submits: While 2010 has to date been a relatively flat year for the developed market indices and some of the emerging markets are up big, like the Colombia stock market, there has definitely been some volatility in particular sectors like Financials, Real Estate, Bonds and Treasuries.
Direxion Launches 3X Leveraged, Leveraged Short 2-Year Treasury ETFs
Michael Johnston submits:Direxion announced the expansion of its fixed income product line on Thursday with the launch of two leveraged ETFs targeting a short-term Treasury index. The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a benchmark that consists of the most recently issued 2-year U.S. Treasury notes.

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Direxion Adds Materials, Healthcare and Total Market ETFs to Lineup

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