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Direxion Fills Up Leveraged ETF Pipeline
November 11, 2011 at 06:00 AM EST
Direxion laid the groundwork for several new products in a recent SEC proposal, including a handful of sector ETFs as well as an international equity offering. The Boston based issuer detailed plans to potentially ramp up its product lineup with four new 3x leveraged bull-bear pair ETFs. Triple-exposure products are the bread and butter of Direxion, which was the first firm to specialize in the leveraged and inverse corners of the exchange-traded universe back in 2008. In a recent SEC Filing, Direxion filed a proposal for eight new funds, focusing on the industrials sector along with gold and silver miners. The filing also included plans for Direxion to expand the geographic scope of its current product lineup with a proposed bull-bear pair of international ETFs offering exposure to Turkey. The proposed funds are listed below and all are expected to feature annual expense fees of 0.95%: Direxion Daily Turkey Bull [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bulls In Drivers Seat Inflation-Fighting ETFs Back In Focus Playing Precious Metals Through Equity ETFs Mining ETFs: Eight Ways To Play Next Generation Of Gold ETFs
Direxion laid the groundwork for several new products in a recent SEC proposal, including a handful of sector ETFs as well as an international equity offering. The Boston based issuer detailed plans to potentially ramp up its product lineup with four new 3x leveraged bull-bear pair ETFs. Triple-exposure products are the bread and butter of Direxion, which was the first firm to specialize in the leveraged and inverse corners of the exchange-traded universe back in 2008. In a recent SEC Filing, Direxion filed a proposal for eight new funds, focusing on the industrials sector along with gold and silver miners. The filing also included plans for Direxion to expand the geographic scope of its current product lineup with a proposed bull-bear pair of international ETFs offering exposure to Turkey. The proposed funds are listed below and all are expected to feature annual expense fees of 0.95%: Direxion Daily Turkey Bull [...]
