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Direxion reports strong performance for Spectrum Funds


Direxion Funds, a provider of alternative investment strategies to sophisticated investors, says its Spectrum Funds continue to outperform in today’s difficult market environment.

Direxion Funds, a provider of alternative investment strategies to sophisticated investors, says its Spectrum Funds continue to outperform in today’s difficult market environment.

The funds specialise in providing investors with flexible and opportunistic investment strategies designed to avoid severe losses during a bear market.

The Direxion Spectrum Equity Opportunity Fund has returned 6.7 per cent year-to-date and 0.54 per cent since inception. It seeks a high total rate of return on an annual basis, and is actively managed to anticipate and respond to trends in equities.

The Direxion Spectrum Global Perspective Fund has returned 8.4 per cent YTD and 6.65 per cent since inception. It also seeks a high annual total return and is actively managed to capitalize on trends in various countries and regions around the world, including emerging markets.

The Direxion Select Alternative Fund has returned 12.2 per cent YTD and 2.42 per cent since inception. It seeks a moderate annual total return, and is actively managed to navigate trends in fixed income, equities, ETFs and other investment companies.

"We are very excited about the success of the Direxion Spectrum Funds," says Dan O’Neill, Direxion Funds’ president. "As a leader in providing alternative mutual funds for advisors and sophisticated investors, we believe in offering strategies that effectively manage risk and return in all environments. The outstanding showing of the Direxion Spectrum Funds this year demonstrates our commitment to meeting this important and growing area of demand. "

The funds are sub-advised by Hundredfold Advisors, which specialises in providing active investment management for individual investors.

"In difficult markets, being active in one’s approach to investing allows a greater level of flexibility than traditional buy-and-hold strategies," says Ralph J. Doudera, portfolio manager, Hundredfold Advisors. "As sub-adviser to the Direxion Spectrum Funds, we apply our decades of expertise in opportunistic investing in order to minimize losses and build value for the next bull market run."

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