Direxion, a provider of alternative investment strategies to sophisticated investors, has added four Direxion Shares Daily 2x ETFs to its existing line-up of multi-directional, leveraged funds.
This brings the total number of leveraged ETFs offered by Direxion to 38.
The new ETFs are leveraged bull and bear funds that seek 200 per cent of the daily performance, or 200 per cent of the inverse of the daily performance (before fees and expenses), of the ISE-Revere Natural Gas Index and the Russell 1000 RGS Retail Index.
"Direxion works to continuously deliver innovative tactical investment solutions that help sophisticated investors take advantage of market opportunities regardless of conditions," says Dan O’Neill, Direxion Shares’ president.
The ISE-Revere Natural Gas Index tracks companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Russell 1000 RGS Retail Index includes constituents of the Russell 1000 Index that are classified within the Retail subsector of the Russell Global Sector Scheme.
"As Direxion grows, we remain focused on helping investors achieve their goals through the use of tactical portfolio strategies on the long and short end," says O’Neill. "We look forward to continuing to expand our line-up of multi-directional, leveraged funds as new opportunities arise."