17/07/2009 New Funds Offer Daily Leveraged Long and Short Exposure to REIT Indexes

Direxion, is pleased to announce the addition of two new Direxion Daily Shares 3x ETFs to their existing lineup of….

20 multi-directional, leveraged funds. The new ETFs are leveraged Bull and Bear index funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses), of the MSCI U.S. REIT Index. There is no guarantee that the funds will achieve their objective.

The two new Direxion ETFs are:

“As we continue to expand our ETF line up, we are excited to provide innovative new products for investors seeking increased exposure to the real estate investment trust market,” stated Dan O’Neill, Direxion Shares’ President. “These two new ETFs further enhance our unique offering of solutions for the tactically minded investor.”

Many sophisticated advisors and institutional investors are using Direxion 3x ETFs to magnify their daily market perspective, while others are using the Funds to implement short-term hedge positions in their portfolios. The 22 Direxion Shares ETFs represent the highest amount of leverage currently available in the ETF space.

The MSCI U.S. REIT Index represents approximately 85% of the U.S. REIT universe. “The flexibility that our ETFs provide, on both the long and short side, can be especially valuable for sophisticated investors who use tactical strategies in order to navigate today’s volatile market,” continued O’Neill. “We look forward to pioneering more powerful tools that enable investors to actively manage their portfolios, as we continue growing our line up of multi-directional and leveraged products.”

By providing both a Bull and a Bear fund to track each of the indexes, Direxion gives seasoned investors the ability to seek competitive returns in rising and falling markets across a wide spectrum of diversified assets. The ETF structure allows investors to benefit from the intra-day trading flexibility, coupled with the leveraged investment solution that Direxion is known for in the mutual fund industry.

Source: ETFWorld.com – Direxion