Direxion is planning to launch three U.S equity ETFs, Index Universe reports. The three funds are the Quantum-ISE Enhanced Broad Market Shares, the Quantum-ISE Enhanced Large-Cap Shares and the Quantum-ISE Enhanced Small-Cap Shares.
Based on enhanced-return, the Quantum ETFs indexes attempt to generate returns in excess of their respective benchmarks. Presently, all the funds will make use of derivative instruments, including swaps, to achieve their investment strategies.
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