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Direxion Shares adds four ETFs offering exposure to treasury indices


Direxion has announced the addition of four Direxion Shares 3x ETFs to its existing line-up of 16 multi-directional, leveraged funds.

Direxion has announced the addition of four Direxion Shares 3x ETFs to its existing line-up of 16 multi-directional, leveraged funds.

The new ETFs are leveraged bull and bear index funds that seek 300 per cent of the daily performance, or 300 per cent of the inverse of the daily performance (before fees and expenses), of the NYSE Current 10- and 30-Year US Treasury Indexes. There is no guarantee that the funds will achieve their objective.

“By offering these kinds of innovative investment solutions, we continually seek to provide investors with tools for navigating today’s volatile markets,” says Dan O’Neill, Direxion Shares’ president. “We believe that these four new ETFs further our efforts to meet investor demand for tactical tools designed for active portfolio management, now specific to the Treasury markets.”

The NYSE Current 10- and 30-Year US Treasury Indexes measure the performance of the long-term segment of the Treasury market.

“We will continue to further expand and enhance our ETF line-up with such unique products,” says O’Neill. “This strategic move to offer leveraged Treasury ETFs is another example of our commitment to developing tools designed to help meet the demand of the tactically minded investor attempting to mitigate portfolio risk and opportunity.”

Effective immediately, Direxion Shares will change the name of all of the funds to include the word “daily”. This update will better reflect the fact that the funds seek daily investment goals and should be used strictly as short term trading vehicles.

By providing both a bull and a bear fund to track each of the indexes, Direxion gives investors the ability to seek competitive returns in rising and falling markets across a wide spectrum of diversified assets.

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