New ETFs Provide 2X Bull Exposure to Currency Hedged Equities in Europe and Japan

Direxion Investments has announced the launch of two new leveraged exchange-traded funds (ETFs)….

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The Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares (Ticker: HEGE) seeks to achieve 200% of the daily performance of the MSCI Europe U.S. Dollar Hedged Index. The index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI Europe Index, to the U.S. dollar, the “home” currency for the hedged index. The Direxion Daily MSCI Japan Currency Hedged Bull 2X Shares (Ticker: HEGJ) seeks to achieve 200% of the daily performance of the MSCI Japan U.S. Dollar Hedged Index. The index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI Japan Index, to the U.S. dollar, the “home” currency for the hedged index.

“Our interaction with clients tells us that there is a significant demand for magnified market exposure to currency-hedging equity strategies,” said Brian Jacobs, President of Direxion Investments. “With the U.S. dollar continuing to demonstrate strength against rival developed-market currencies, mitigating currency risk is a key concern for traders focused on international markets.”

Like all leveraged ETFs, these Direxion products are 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 Funds will meet their objectives.

Source: ETFWorld.com

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