Direxion Details Three Non-Leveraged ETFs
Monday, 13 June 2011 22:38

Direxion, the Boston-based ETF issuer best known for its suite of 3x and -3x products, continues to expand its platform to include non-leveraged ETFs. The firm has already rolled out a non-leveraged airline ETF (FLYX), and earlier this year detailed plans for a suite of targeted Indian equity funds.

And in a recent SEC filing, Direxion shed some light on plans for additional ETF offerings, including one that seeks to offer equal-weight exposure to the Nasdaq-100 Index and a unique product designed to shift exposure between the equities that make up the Nasdaq and low risk cash based on volatility. The proposed ETFs include:  Direxion Wireless Communications Shares: This ETF would track the Dow Jones Global Mobile Communications Index, a global benchmark that is comprised of large cap companies involved in some aspect of the design, distribution, manufacturer and sale of mobile communication hardware or services. The index consists of [...]

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