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Rating:Direxion Launches a Trio of ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 24, 2011

Direxion Launches a Trio of ETFs

Reported by Hung Tran

Direxion [see profile], has added three new Direxion Shares ETFs to its existing lineup. The new ETFs include three Bear index funds that seek 100 percent of the inverse of the daily performance of the Barclays Capital U.S. Aggregate Bond Index, the NYSE 7-10 Year Treasury Bond Index, and the NYSE 20-Year Plus Treasury Bond Index.

The new offerings include: Direxion Daily Total Bond Market Bear 1x Shares; Daily 7-10 Year Treasury Bull 1X Shares; and Daily 20 Year Plus Treasury Bear 1X Shares.

“Our new 1x bear funds provide investors with an inverse play on interest rates," stated Dan O’Neill, Direxion Shares’ President. "With the rising concern from investors about hedging fixed-income positions in their portfolios, we think these funds are timely." 

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