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Direxion launches three 2x leveraged ETFs

Direxion Investments has launched three leveraged exchange-traded funds (ETFs), which seek to achieve 200 per cent of the daily performance of their respective benchmarks, and have a net expense ratio of 0.60 per cent.

The new ETFs are:
Direxion Daily 7-10 Year Treasury Bull 2X Shares (SYTL)
Direxion Daily Small Cap Bull 2X Shares (SMLL)
Direxion Daily Mid Cap Bull 2X Shares (MDLL)
"Investors continue to share with us that they are looking for a wider selection of strategies to obtain targeted, leveraged equity-market exposure at a reasonable price, and we are responding to their feedback," says Brian Jacobs, president of Direxion Investments. "These three ETFs are part of our effort to build up our suite of 2X leveraged funds and provide as many options as possible for experienced traders to achieve risk-managed returns regardless of market conditions, or their preferred amount of leverage."
Direxion launched the Direxion Daily S&P 500 Bull 2X Shares (SPUU), on 28 May. The ETF seeks to obtain 200 per cent of the daily performance of the S&P 500 Index, and includes a net expense ratio of 0.60 per cent.
Like all leveraged ETFs, these Direxion products are intended only for traders with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions.
"We take input from our clients very seriously, and we will continue to develop innovative and cost-efficient alternative strategies that meet their needs," says Jacobs. "Leveraged ETFs can be extremely effective tools for those who take the time to understand their associated risks. We are always on the lookout for ways to maximize the selection of leveraged ETFs and other solutions that challenge old standards."

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