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FTSE launches two new leveraged indices

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FTSE Group has expanded its Daily Leveraged Index Series with the launch of the FTSE Developed Ex NA 1.25X Daily Leveraged No Spread Index and FTSE Emerging 1.25X Daily Leveraged No Spread Index.  

The two new indices are designed to replicate a multiple of the performance a client experiences when they track the underlying reference index, with a daily reset of the leverage, and are a subset of the widely adopted broad market FTSE indices: the FTSE Developed ex North America Index (AWDXNA) and the FTSE Emerging Index (AWALLE).
 
In conjunction with this announcement, a suite of new ETFs created by Direxion Investments have been introduced to market this week, including two using FTSE indices:

• LLDM, Direxion FTSE Developed Markets Bull 1.25X Shares
•  LLEM, Direxion FTSE Emerging Markets Bull 1.25X Shares
 
Jonathan Horton, Chief Marketing Officer, FTSE, says: “We are proud to work with ETF issuers like Direxion Investments so that they can build ETF product suites based on our established global indexing expertise. These two new FTSE-linked ETFs are capturing the world’s equity market using the FTSE Developed ex North America and Emerging indices for international exposure.” 
 
Brian Jacobs, President, Direxion Investments, adds: “Direxion Investments chose to work with FTSE on our new ETF product suite because they were able to provide us the premier broad based international indices.

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