The triple-leveraged fund offerings from Direxion topped both the ETF winners and losers for second-quarter 2009. According to a recent Barron's report, five out of the top 16 fund gainers in the second quarter belong to the Direxion family, including a more than 100% gain in its Emerging Market Bull 3X ETF(EDC Quote).
The group's Developed Markets Bull 3X ETF(DZK Quote) rose 80.36% and its Tech Bull 3X(TYH Quote) rose 65.03%.
Direxion's mutual funds also made the rankings for second-quarter gainers: Latin America Bull 2X rose 76.01% while China Bull 2X rose 74.61%.
Direxion funds also appear frequently in the minus column, however, heading the second-quarter losers with a 77.24% drop in its Financial Bear 3X ETF(FAZ Quote) and a 65.26% drop in its Emerging Market Bear 3X Fund(EDZ Quote). ...
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