/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
market of NYSE Euronext. The ETFs are leveraged Bull and Bear funds that seek 300% of the
performance, or 300% of the inverse of the
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
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."