Tuesday, November 29, 2011

10 Direxion ETFs Boosting Their Multipliers

Big changes are coming to the Direxion Shares ETF lineup. The companys board of
trustees approved realignment to the names and investment strategies for 10
leveraged funds. The funds new investment objectives will seek daily results
before fees and expenses of 300% leverage or 300% inverse performance of the
funds target index. The funds previously sought daily results of 200% leverage
or 200% inverse. The changes will be effective Dec. 1, 2011 and apply to the
following Direxion funds: Current Fund Name/New Fund Name Daily BRIC Bull 2X
Shares/Daily BRIC Bull 3X Shares (NYSE: BRIL ) Daily BRIC Bear 2X Shares/Daily
BRIC Bear 3X Shares (NYSE: BRIS ) Daily India Bull 2X Shares/Daily India Bull 3X
Shares (NYSE: INDL ) Daily India Bear 2X Shares/Daily India Bear 3X Shares
(NYSE: INDZ ) Daily Gold Miners Bull 2X Shares/Daily Gold Miners Bull 3X Shares
(NYSE: NUGT ) Daily Gold Miners Bear 2X Shares/Daily Gold Miners Bear 3X Shares
(NYSE: DUST ) Daily Natural Gas Related Bull 2X Shares/Daily Natural Gas Related
Bull 3X Shares (NYSE: GASL ) Daily Natural Gas Related Bear 2X Shares/Daily
Natural Gas Related Bear 3X Shares (NYSE: GASX ) Daily Retail Bull 2X Shares/
Daily Retail Bull 3X Shares (NYSE: RETL ) Daily Retail Bear 2X Shares/ Daily
Retail Bear 3X Shares (NYSE: RETS ) Each of the funds ticker symbols and expense
ratios will remain the same. The Boston, Mass.-based investment firm manages
around $7.5 billion in ETF assets. This article is brought to you by
ETFguide.com. ETFguide is the information leader on exchange-traded funds
because of its vendor-neutral approach and its progressive reporting style.
Unique features include an ETF bookstore, a monthly email newsletter and
subscription-based ETF portfolios.

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