Today Direxion will introduce two new triple-leveraged Japan funds, ETF Trends
' Tom Lydon reports. The ETFs, Rafferty Asset Management's[profile] Direxion Daily Japan 3X Bull Shares and Direxion Daily Japan 3X Bear Shares, are an extension of Direxion's trend of rolling out bullish and bearish triple-leveraged plays on Brazil and South Korea.
Russell Investments'[profile] ProShares Ultra MSCI Japan and ProShares UltraShort MSCI Japan are other large leveraged Japan ETFs on the market. The Japan ETFs have been popular but the two ProShares ETFs had less than $30 million under management at the end of the first quarter, ETF Trends writes.
To read more, click here.
Stay ahead of the news ... Sign up for our email alerts now