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Direxion launches five 3x leveraged ETFs


Direxion has launched five leveraged exchange traded funds, further expanding its existing line-up of over 75 leveraged and inverse ETFs.

The new funds are: the Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN); the Direxion Daily Industrials Bull 3X Shares (DUSL); the Direxion Daily MSCI Mexico Bull 3X Shares (MEXX); the Direxion Daily Transportation Bull 3X Shares (TPOR); and the Direxion Daily Utilities Bull 3X Shares (UTSL).
“With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape,” says Sylvia Jablonski, managing director at Direxion. “We aim to provide traders with ways to capitalise on opportunities created by those new policies.”
The products are intended only for investors with an in-depth understanding of the risks associated with seeking inverse investment results, and who plan to actively monitor and manage their positions. 

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