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Direxion lists leveraged ETFs on NYSE Euronext

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Direxion, a provider of alternative and tactically-oriented investment strategies, has listed six Direxion Shares daily ETFs on the Amsterdam market of NYSE Euronext.

The ETFs are leveraged bull and bear 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 MSCI Emerging Markets Index, the Russell 1000 Index and the Russell 1000 Financial Services Index.

The funds are intended for use only by sophisticated investors.

"Direxion is excited to begin offering our investment solutions in Europe through NYSE Euronext," says Dan O’Neill, Direxion Shares’ president. "We see a significant growth opportunity in the European market as demand from hedge funds and active traders increases for sophisticated products that enable tactical, short-term strategies in various market segments."

The MSCI Emerging Markets Index is designed to measure equity market performance in the global emerging markets.

The Russell 1000 Index measures the performance of the large-cap segment of the US equity universe; it includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership.

The Russell 1000 Financial Services Index tracks US companies that provide financial services; its components have an average market capitalization of over USD11bn and a median market capitalization of USD4.4bn dollars.

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