Direxion Announces Modifications To Eight Exchange-Traded Funds
BOSTON, June 25, 2012 /PRNewswire/ -- Direxion, a leader in alternative investment solutions, announces changes to the benchmark indices of eight leveraged and inverse exchange-traded funds (ETFs), along with other adjustments. The eight ETFs undergoing changes are: Direxion Daily Large Cap Bull 3X Shares (BGU), Direxion Daily Large Cap Bear 3X Shares (BGZ), Direxion Daily Mid Cap Bull 3X Shares (MWJ), Direxion Daily Mid Cap Bear 3X Shares (MWN), Direxion Daily Technology Bull 3X Shares (TYH), Direxion Daily Technology Bear 3X Shares (TYP), Direxion Daily Energy Bull 3X Shares (ERX) and Direxion Daily Energy Bear 3X Shares (ERY).
The modifications will take effect on or about June 29, 2012.
Two of the ETFs will also undergo name changes. Direxion Daily Large Cap Bull 3X Shares will be renamed Direxion Daily S&P 500 Bull 3X Shares, and Direxion Daily Large Cap Bear 3X Shares will be renamed Direxion Daily S&P 500 Bear 3X Shares. Additionally, The tickers of six of these funds will be changed.The adjustments to the eight ETFs were previously announced on June 7, 2012: http://www.direxionshares.com/pdfs/SP_PR_060712.pdf For more information about Direxion, please contact James Doyle at 973-850-7308 or firstname.lastname@example.org. About Direxion Direxion Funds and Direxion Shares, managed by Rafferty Asset Management, LLC, offer leveraged index funds, ETFs and alternative-class fund products for investment advisors and sophisticated investors who seek to effectively manage risk and return in both bull and bear markets. Founded in 1997, the company has approximately $8 billion in assets under management as of 3/31/12. The company's business model is built on continuous product innovation, exceptional customer service and a commitment to building strategic relationships with distribution partners. For more information, please visit www.direxionfunds.com or www.direxionshares.com. There is no guarantee that the funds will achieve their objectives. For more information on all Direxion Shares daily leveraged ETFs, go to www.direxionshares.com, or call us at 866.476.7523. The ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Due to the daily nature of the leverage employed, there is no guarantee of amplified long-term returns. Past performance is not indicative of future results.
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