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BNY Wins Direxion ETFs Services Mandate

BNY Mellon Asset Servicing has been appointed by Direxion Shares for eight of its new leveraged exchange-traded funds and one non-leveraged ETF.

BNY Mellon Asset Servicing has been appointed by Direxion Shares for eight of its new leveraged exchange-traded funds (ETFs) and one non-leveraged ETF. BNY Mellon will provide ETF services, custody, fund accounting and fund administration to the funds.

The Direxion Daily Agribusiness Bull 3x Shares, the Direxion Daily Agribusiness Bear 3x Shares, the Direxion Daily Russia Bull 3x, the Direxion Daily Russia Bear 3x Shares and the Direxion Daily Total Market Bear 1X Shares are some of the newly launched funds. The Daily Total Market Bear 1X ETF seeks inverse daily investment results that replicate the price performance of its underlying index.

Click here for the release from PR Newswire.

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