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May 25, 2011 at 13:01 PM EDT
Direxion Launches Leveraged Russia, Agribusiness ETFs
Direxion rolled out the latest additions to its lineup of leveraged and inverse ETFs today, introducing products that offer 3x daily exposure to Russian equities and the global agribusiness sector. The new ETFs include: Daily Russia Bull 3x Shares (RUSL) Daily Russia Bear 3x Shares (RUSX) Daily Agribusiness Bull 3x Shares (COWL) Daily Agribusiness Bear 3x Shares (COWS) The Russia ETFs seek to deliver daily results that correspond to multiples of the daily change in the DAXglobal Russia+ Index. That benchmark serves as the basis for the Market Vectors Russia ETF (RSX), one of four U.S.-listed products offering exposure to the Russian stock market. Those funds have aggregate assets of more than $3 billion, the majority of which is attributable to RSX. The underlying index consists of about 45 Russian stocks, most of which are large cap companies. Not surprisingly, the energy sector accounts for a significant chunk of the [...] Click here to read the original article on ETFdb.com. Related Posts: Direxion Files For Non-Leveraged ETFs Agribusiness ETFs: Comparing All The Options Van Eck Debuts Small Cap Russia ETF (RSXJ) March ETF Stats: Another Solid Quarter Wednesday’s ETF To Watch: Market Vectors Agribusiness Fund (MOO)
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