Direxion’s 2x ETFs Becoming 3x ETFs

By: ETFdb
Direxion, one of the largest issuers of leveraged exchange-traded funds, will make significant changes to ten of its products next week. The Direxion ETFs currently offering 2x and -2x exposure to their underlying index will begin seeking to deliver daily results that correspond to 3x or -3x of the related benchmark. That change will obviously increase the volatility of these products, and will also have an impact on margin requirements for investors with positions in these funds. The changes affect five pairs of products, including leveraged ETFs focusing on BRIC stocks, Indian equities, gold miners, natural gas firms, and retail companies: Ticker Previous ETF Name New ETF Name BRIL Daily BRIC Bull 2x Shares Daily BRIC Bull 3x Shares BRIS Daily BRIC Bear 2x Shares Daily BRIC Bear 3x Shares INDL Daily India Bull 2x Shares Daily India Bull 3x Shares INDZ Daily India Bear 2x Shares Daily India Bear [...] Click here to read the original article on ETFdb.com. Related Posts: March ETF Roundup: Launches, Filings, and Closures Direxion Launches Six New Leveraged ETFs ProShares Debuts Geared Natural Gas ETFs Direxion Plans Slew Of India ETFs Diamonds In The Rough: Ten Of Our Favorite ETFs With AUM Under $25 Million
Direxion, one of the largest issuers of leveraged exchange-traded funds, will make significant changes to ten of its products next week. The Direxion ETFs currently offering 2x and -2x exposure to their underlying index will begin seeking to deliver daily results that correspond to 3x or -3x of the related benchmark. That change will obviously increase the volatility of these products, and will also have an impact on margin requirements for investors with positions in these funds. The changes affect five pairs of products, including leveraged ETFs focusing on BRIC stocks, Indian equities, gold miners, natural gas firms, and retail companies: Ticker Previous ETF Name New ETF Name BRIL Daily BRIC Bull 2x Shares Daily BRIC Bull 3x Shares BRIS Daily BRIC Bear 2x Shares Daily BRIC Bear 3x Shares INDL Daily India Bull 2x Shares Daily India Bull 3x Shares INDZ Daily India Bear 2x Shares Daily India Bear [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Advertisement

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.