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Direxion launches High Yield Bear Leveraged ETF


Direxion has added a new ETF to its existing lineup of leveraged inverse ETFs, allowing tactical managers to hedge against downturns in the Barclays US High Yield Very Liquid Index. 

The Direxion Daily High Yield Bear 2X Shares (HYDD) seeks daily investment results, before fees and expenses, of 200% of the inverse of the performance of the Barclays US High Yield Very Liquid Index.

"While high yield bonds have been embraced by those looking for yield and higher returns, traders and investors are now preparing for potential pullbacks due to the uncertain US interest rate climate and the corresponding impact on high yield markets," says Sylvia Jablonski, Managing Director at Direxion. "But, it can be expensive to change the asset and security allocation of portfolios. Our High Yield Bear Leveraged Fund is a simple and cost-effective hedge for tactical managers who want to capitalise on these changing markets."

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