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Direxion adds four 3x leveraged ETFs


Direxion, a provider of alternative investment strategies, has added four Direxion Shares Daily 3x ETFs to its existing line-up of 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 of the BNY China Select ADR Index and S&P Latin America 40 Index.

They are intended for use only by sophisticated investors who understand the risks associated with seeking daily leveraged investment results and plan to actively monitor and manage their positions in the funds.

There is no guarantee that the funds will achieve their objective.

"The emerging markets sector is increasingly tradeable in today’s evolving global investment landscape," says Dan O’Neill, Direxion Shares’ president. "As a provider of innovative tools for sophisticated, institutional style investment strategies, we believe this is an incredibly opportune time to introduce new ETFs that offer leveraged exposure to China and Latin America on both the long and short side. Our Latin America mutual fund has been our largest mutual fund for some time, and our Daily Emerging Markets 3x ETFs have experienced heavier average volume recently. Tremendous trading opportunities appear to be underway in this space."

The BNY China Select ADR Index tracks select depositary receipts of China-based companies traded on The New York Stock Exchange, NYSE Amex and Nasdaq. The S&P Latin America 40 Index measures the performance of large, blue chip companies from the Latin American markets.

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