Direxion Files Paperwork For 18 Sector (3X) Bull And Bear ETFs
Direxion has filed paperwork with the SEC for 18 new sector bull and bear ETFs. The funds will allow leveraged investment opportunities for Agribusiness, Commodity Related, Global Infrastructure, Gold Miners, Home Construction, Natural Gas, Regional Banks, Water and Wind Energy. Each fund’s objective is to magnify the performance of the Index 300% on a daily basis. The Funds will attempt to achieve this performance by investing at least 80% of its net assets in: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; short positions, reverse repurchase agreements; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the Index. The Fund invests the remainder of its assets in short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements.The funds are as follows:
DIREXION DAILY AGRIBUSINESS BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the DAX Global Agribusiness Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
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DIREXION DAILY AGRIBUSINESS BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the DAX Global Agribusiness Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY COMMODITY RELATED BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the Morgan Stanley® Commodity Related Equity Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY COMMODITY RELATED BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Morgan Stanley® Commodity Related Equity Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY GLOBAL INFRASTRUCTURE BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the S&P Global Infrastructure Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY GLOBAL INFRASTRUCTURE BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the S&P Global Infrastructure Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY GOLD MINERS BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE Arca Gold Miners Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY GOLD MINERS BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE Arca Gold Miners Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY HOME CONSTRUCTION BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the Dow Jones U.S. Select Home Construction Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY HOME CONSTRUCTION BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Dow Jones U.S. Select Home Construction Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY NATURAL GAS RELATED BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE Arca Natural Gas Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY NATURAL GAS RELATED BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE Arca Natural Gas Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY REGIONAL BANKS BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the KBW Regional Banking Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY REGIONAL BANKS BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the KBW Regional Banking Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY WATER BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the Pallisades Water Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY WATER BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Pallisades Water Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY WIND ENERGY BULL 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the ISE Global Wind Energy Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
DIREXION DAILY WIND ENERGY BEAR 3X SHARES
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the ISE Global Wind Energy Index (“Index”). The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange-traded funds.
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