Bringing you live news and features since 2006 

Direxion changes indices for three ETFs


Direxion is changing the benchmark indices of two leveraged exchange-traded funds (ETF) and one leveraged inverse ETF.

The modifications will take effect on 1 December 2016.
The Direxion Daily Regional Banks Bull 3X Shares (DPST) and the Direxion Daily Regional Banks Bear 3X Shares ETFs will seek to replicate the S&P Regional Banks Select Industry Index rather than the Solactive US Regional Bank Index.
The the Direxion Daily Retail Bull 3X Shares ETF will swap the Russell 1000 Retail Index for the S&P Retail Select Industry Index.
"We are very pleased to expand our relationship with Standard & Poor's, whose market indices have long been among the leaders in the industry," says Sylvia Jablonski, managing director at Direxion. "We feel that these S&P indices provide our investors with the most recognisable exposure to these underlying markets."
Like all leveraged and inverse ETFs, the Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged and inverse investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the funds will meet their objectives.

Latest News

21Shares AG has announced that the firm has added staking to the 21Shares Cosmos ETP (ATOM) and the 21Shares Avalanche..
EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by