Direxion Launches 300% Funds
This year's success of ProShares' leveraged ETFs has not gone unnoticed. A challenge was mounted this week by Rafferty Asset Management which has introduced a line of 8 long and short ETFs that are leveraged 3 to 1.
The Direxion Shares ETFs will see seek 300% of daily performance or 300% of the inverse of daily performance of four Russell benchmark indexes.
The new ETFs and respective indexes are:
Russell 1000 Index
Direxion Large Cap Bull 3x (BGU)
Direxion Large Cap Bear 3x (BGZ)
Russell 1000 Energy Index
Russell 1000 Financial Index
Direxion Financial Bull 3x (FAS)
Direxion Financial Bear 3x (FAZ)
Russell 2000 Index
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