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Fri, Aug

ETF USA
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New ETF Offers Single Inverse Exposure to European Financials...


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Direxion announced it has added a new ETF to its existing lineup of inverse ETFs. The new Fund allows tactical managers to hedge against downturns in the MSCI Europe Financials Index. The Direxion Daily European Financials Bear 1x Shares (Ticker: EUFS) seeks daily investment results, before fees and expenses, of 100% of the inverse of the performance of the MSCI Europe Financials Index.

Fund Ticker CUSIP Benchmark Index Daily Target Gross Expense Ratio Net Expense Ratio*
Direxion Daily European Financials Bear 1x Shares EUFS 25490K182 MSCI Europe Financials Index -100% 0.58% 0.45%

 

“Our new European Financials Bear ETF will complement our recently launched leveraged ETF tracking that space, giving traders another option for taking advantage of short-term opportunities,” said Sylvia Jablonski, Managing Director at Direxion. “We think EUFS is coming to market at the right time as European banks face the challenges of troubling stress tests, risks associated with contagion, and the aftermath of Brexit.”

Like all leveraged ETFs, this Direxion product is intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the Fund will meet its objectives.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)