05.11.2008 - Direxion burst into ETF market with eight leveraged ETFs
From Structuredproductsonline.com: Direxion, a provider of alternative investment strategies, has entered the exchange-traded fund (ETF) arena with eight leveraged bull and bear ETFs, offering 300% leveraged exposure. The Direxion Shares 3x ETFs provide 300% of the daily performance, or inverse daily performance of four Russell indexes. The ETFs offer the highest leverage within the ETF market at present. The bull range consists of the Direxion Large Cap Bull 3x Shares which tracks the Russell 1000 index and the Small Cap Bull 3x shares, tracking the Russell 2000 index.... Full Article: Source
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