6. Direxion Daily Agribusiness Bear 3x (COWS) began milking the potential decline in food global stocks on May 25, 2011.
The fund seeks daily investment results of the 300 percent of the inverse of the price performance of the DAX Global Agribusiness Index. The fund creates short positions by investing at least 80 percent of its net assets in futures contracts, swaps, forward contracts, shorts, and reverse purchase agreements. The 'S' in COWS stands for the 'short' position triple leveraged to the potential decline in companies like Agrium Inc (AGU), Brasil Foods SA ADR (BRFS), and Mosaic Co (MOS).