Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Direxion Is Stepping on ProShares' Turf Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 16, 2012

Direxion Is Stepping on ProShares' Turf

News summary by MFWire's editors

Six new leveraged funds will be rolled out by Direxion [profile], pending approval by the SEC. The plan for new offerings comes after the firm announced it was closing nine funds because of their failure to attract investors — a development detailed in the MFWire's Stork and Reaper.

Benzinga reports that the firm will roll out four Dow Jones Industrial Average ETFs: the Direxion Daily Dow 30 Bull 2X Shares, the Direxion Daily Dow 30 Bear 2X Shares, the Direxion Daily Dow 30 Bull 3X Shares and the Direxion Daily Dow 30 Bear 3X Shares. These new funds will charge 0.75 percent expense fee and will compete with ProShares UltraPro Short Dow30 and ProShares Ultra Dow 30.

The firm also plans to offer European funds to compete with ProShares Ultrashort MSCI Europe and ProShares Ultra MSCI Europe. The two new offerings are Direxion Daily European Equity Bull 3X Shares and the Direxion Daily European Equity Bear 3X Shares

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use