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Direxion changes FTSE indexes for two ETFs


Direxion is changing the benchmark indices of two leveraged exchange-traded funds (ETFs). The modifications will take effect on or about 22 August, 2016.

The Direxion Daily FTSE Developed Markets Bull 1.25x Shares ETF (LLDM) which currently seeks to replicate the FTSE Developed ex North America Index, will change to the FTSE Developed All Cap ex US Index. The Direxion Daily FTSE Europe Bull 3X Shares ETF (EURL) meanwhile, will switch from the FTSE Developed Europe Index to the FTSE Developed Europe All Cap Index.

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