Four New Direxion ETFs List on NYSE Arca

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April 16, 2009 9:29am ETF BASIC NEWS

etf-news7NEW YORK–(BUSINESS WIRE)–Direxion Funds, a pioneer in providing alternative investment strategies to sophisticated investors, today began trading four new ETFs designed to track the recently debuted NYSE Current U.S. Treasury Indexes.

The four new Direxion ETFs are:

Fund Name

 

Symbol

Direxion Daily 10-Year Treasury Bull 3X Shares   TYD
Direxion Daily 10-Year Treasury Bear 3X Shares   TYO
Direxion Daily 30-Year Treasury Bull 3X Shares   TMF
Direxion Daily 30-Year Treasury Bear 3X Shares   TMV

On April 2, NYSE Euronext launched the NYSE Current 2 Year U.S. Treasury Index (AXTWO); the NYSE Current 5 Year U.S. Treasury Index (AXFIV); the NYSE Current 10 Year U.S. Treasury Index (AXTEN) and the NYSE Current 30 Year U.S. Treasury Index (AXTHR).

With a collective portfolio of over 300 benchmark indices, NYSE Euronext’s Global Index Group provides design, real-time calculation and dissemination services for NYSE Euronext, third-party customized indices and Exchange Traded Products intra-day indicative values.

NYSE Current U.S. Treasury Indexes:

The four NYSE Current U.S. Treasury Indexes (AXTWO, AXFIV, AXTEN, AXTHR) are one-security fixed income indexes that consist of the most recently issued respective 2-year, 5-year, 10-year, and 30-year U.S. Treasury notes. The indexes intend to track the performance of current on-the-run U.S. government bonds. The indexes are rebalanced monthly effective after the close of trading of the last business day of the month. At that time, each index’s bond along with any relevant accrued interest and coupon payments received will be rolled into a new U.S. Treasury security if one was more recently issued during the month.

The indexes are published each day that the U.S. bond markets are open for trading from approximately 8:30 AM to 4:30 PM EST. The divisor for each index was determined to yield a benchmark value of 1000.00 at the close of trading on February 27, 2009

Full Story: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090416005660&newsLang=en



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