Effective on or about 1 March 2019, Direxion Advisors is to adjust the investment objectives of five of its PortfolioPlus ETFs, increasing the daily leverage of the funds.
The funds will provide 35 per cent added daily exposure to popular broad-based indexes targeted by advisors. The PortfolioPlus ETFs can be applied to common asset allocation strategies to seek greater upside potential over time. Although intended for use by investors who monitor their portfolios, their continued low leverage point allows them to be managed within a longer-term portfolio.
The funds are: PortfolioPlus S&P 500 ETF (PPLC); PortfolioPlus S&P Mid Cap ETF; PortfolioPlus S&P Small Cap ETF (PPSC); PortfolioPlus Developed Markets ETF (PPDM); and PortfolioPlus Emerging Markets ETF (PPEM).