This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Direxion Shares Lists Leveraged ETFs On NYSE Euronext¿s European Market

BOSTON, March 31 /PRNewswire/ -- Direxion, a pioneer in providing alternative and tactically-oriented investment strategies to sophisticated investors, is pleased to announce the listing of six Direxion Shares Daily ETFs on the Amsterdam market of NYSE Euronext. The ETFs are leveraged Bull and Bear funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses), of the MSCI Emerging Markets Index, the Russell 1000® Index and the Russell 1000® Financial Services Index.

These funds, as with all Direxion Shares ETFs, are intended for use only by sophisticated investors who understand the risks associated with seeking daily leveraged investment results and who plan to actively monitor and manage their positions in the funds.  There is no guarantee that the funds will achieve their objective.

"Direxion is excited to begin offering our investment solutions in Europe through NYSE Euronext," stated Dan O'Neill, Direxion Shares' President. "We see a significant growth opportunity in the European market as demand from hedge funds and active traders increases for sophisticated products that enable tactical, short-term strategies in various market segments."

Many sophisticated advisors and institutional investors are using Direxion Shares 3x leveraged ETFs to hedge positions in their current portfolios, while others may use the ETFs to take advantage of short-term trading opportunities.

The MSCI Emerging Markets Index is designed to measure equity market performance in the global emerging markets. The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe; it includes approximately 1000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000® Financial Services Index tracks U.S. companies that provide financial services; its components have an average market capitalization of over $11 billion dollars and a median market capitalization of $4.4 billion dollars.

"Direxion continues to pioneer innovative investment solutions that enable investors to optimize their portfolio strategies," continued Mr. O'Neill. "Our listing on NYSE’s European market reflects our desire to grow as a significant player in the global ETF market."  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
EDC $24.57 3.71%
EDZ $31.86 -3.92%
FAB $47.58 -0.04%
FAZ $12.41 0.24%
AAPL $124.25 -0.14%

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs