Direxion Launches Four New Leveraged ETFs

Direxion is best known as the issuer that introduced investors to 3x leveraged ETFs, but the Boston-based firm has built out its offering of 2x leveraged funds in 2010. The expansion of that portion of Direxion’s product line continued today with the launch of four new leveraged ETFs, bring the company’s total leveraged ETF count to 38. The new ETFs launching today are: Daily Retail Bull 2x Shares (RETL) Daily Retail Bear 2x Shares (RETS) Daily Natural Gas Related Bull 2x Shares (FCGL) Daily Natural Gas Related Bear 2x Shares (FCGS) “As Direxion grows, we remain focused on helping investors achieve their goals through the use of tactical portfolio strategies on the long and short end,” said Dan O’Neill, Direxion Shares’ President in a press release. “We look forward to continuing to expand our lineup of multi-directional, leveraged funds as new opportunities arise.” Retail Funds RETL will seek daily returns equal to 200% of the daily performance [...] Click here to read the original article on ETFdb.com. Related Stories: Direxion Launches Six New Leveraged ETFs Direxion Launches Leveraged Real Estate ETFs Direxion Launches Leveraged Short Term Treasury ETFs (TWOL, TWOZ)