Direxion has added five new daily exchange-traded funds (ETFs) to its existing lineup of multi-directional portfolios. The new ETFs include bull and bear funds that will seek 300% of the daily performance, or 300% of the inverse of the daily performance of the S&P Materials Select Sector Index.
The new funds also include bull and bear index funds that will aim for 300% of the daily performance, or 300% of the inverse of the daily performance of the S&P Healthcare Select Sector Index. It has also launched and a bear index ETF that will target 100% of the inverse of the daily performance of the MSCI U.S. Broad Market Index.
Click here for the release from PR newswire.