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Direxion expands buy-and-hold products with two rules-based, alpha-seeking index ETFs

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Direxion has launched two new exchange-traded funds, Direxion All Cap Insider Sentiment Shares and Direxion Large Cap Insider Sentiment Shares.

The Direxion All Cap Insider Sentiment Shares ETF (Fund Symbol: KNOW) seeks investment results, before fees and expenses, that track the Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index. The Direxion Large Cap Insider Sentiment Shares ETF (Fund Symbol: INSD) seeks investment results, before fees and expenses, that track the Sabrient Large-Cap Insider/Analyst Quant-Weighted Index.

The new ETFs offer various benefits to investors, including a verifiable and repeatable rules-based index approach to equity investing. They provide investors with access to stocks that corporate insiders are accumulating, and they focus on insider transactions and analyst ratings based on public company filings to determine weightings within the indices they track. The indexes allocations to various sectors can vary significantly from traditional cap-weighted equity benchmark weightings and the strategies seek to provide alpha (excess return) over comparable benchmarks.

“We are committed to providing advisors and investors with the opportunity to invest in buy-and-hold equity strategies that allow them to differentiate themselves within the marketplace,” says Ed Egilinsky, Managing Director and Head of Alternatives at Direxion. “Investors are always looking for ways to try and generate excess returns within their equity portfolios. These equity indices are unique in that they are not constrained by either style box or sector allocation limitations, as are the majority of typical equity investments.”   
 

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