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Direxion launches four new leveraged ETFs


Direxion has added four new Direxion Shares ETFs to its existing lineup of multi-directional, leveraged funds.

The new ETFs are leveraged Bull and Bear funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses), of the DAXglobal® Russia+ Index and DAXglobal Agribusiness PR Index. There is no guarantee that the ETFs will achieve their objectives.

"Our new leveraged ETFs are the latest in Direxion’s growing line of tactical trading funds offering magnified benchmark exposure for investors who actively manage their trading positions," says Direxion President Dan O’Neill (pictured). "The funds’ launch reinforces Direxion’s commitment to providing innovative investment products that enable sophisticated investors to take advantage of short-term market opportunities as part of their overall investment strategies."

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