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Direxion launches New S&P 500 Bear ETF

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Direxion has added a new ETF to its existing lineup of inverse ETFs – the Direxion Daily S&P 500 Bear 1X Shares (SPDN) – which allows tactical managers to hedge against downturns in the S&P 500. 

SPDN seeks daily investment results, before fees and expenses, of 100 per cent of the inverse of the performance of the S&P 500 Index.

“With the S&P 500 near all-time highs and trepidation about the future of the global economy, wealth managers are thinking about how to position portfolios for market pullbacks and increased volatility," says Sylvia Jablonski, Managing Director at Direxion. "SPDN allows tactical managers to capitalise on changing markets by taking an inverse view, or seeking downside protection in a simple, flexible and low-cost way."

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