Market Vectors Index Solutions has licensed its Market Vectors Global Junior Gold Miners Index (MVGDXJ) to US-based exchange-traded funds provider Direxion Shares to underlie leveraged and inverse leveraged ETFs.
Since 3 October 2013, the index underlies the NYSE Arca-listed Direxion Daily Junior Gold Miners Index Bull 3X Shares ETF and the Direxion Daily Junior Gold Miners Index Bear 3X Shares ETF.
The ETFs complement the Market Vectors Junior Gold Miners ETF (GDXJ) of Van Eck Global, bringing the total numbers of ETFs based on MVIS indices to 37 and assets under management tied to MVIS indices to USD 11.4bn.
