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:
- Daily Basic Materials Bull 3x Shares (MATL): This fund offers 3x daily exposure to the Materials Select Sector Index, a large-cap benchmark that includes chemical manufacturers, paper companies and firms engaged in the production of packaging products (among many other types of stocks).
- Daily Basic Materials Bear 3x Shares (MATS): This bear counterpart to MATL seeks to deliver daily results that correspond to -300% of the daily changes in the same index.
- Daily Healthcare Bull 3x Shares (CURE): This ETF will deliver daily results that correspond to 3x the daily change in the Healthcare Select Sector Index, a