Direxion Launches ETF to Expand Leveraged Lineup

NEW YORK, Nov. 2, 2016 /PRNewswire/ -- Direxion announced today it has added a leveraged ETF to its expanding lineup. The Direxion Daily CSI China Internet Index Bull 2X Shares (Ticker: CWEB) seeks to achieve 200% of the daily performance of the CSI Overseas China Internet Index.

"The Chinese internet sector is booming with continued growth of not only the internet user population, but the full adoption of web-based online retailer models," said Sylvia Jablonski, Managing Director at Direxion. "The launch of CWEB is timely, as companies like Alibaba, which has just announced quarterly earnings, along with Tencent Holdings and Baidu, gain popularity among traders."  

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 objective.

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $10.9 billion in assets under management as of September 30, 2016. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.

There is no guarantee that the Funds will achieve their objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866-476-7523.

The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

*The Expense Cap of the Funds includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. Including Acquired Fund Fees and Expenses, the Total Annual Fund Operating Expenses for the Funds would be 1.12%. The Funds' Advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Funds. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2018, to the extent that the Funds' Total Annual Fund Operating Expenses exceed *0.95%.

Risks:

An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as swaps, futures contracts and options are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are 200% of the return of its underlying index for periods other than a single day. Risks of the Fund include Daily Index Correlation/Tracking Risk, Leverage Risk, Effects of Compounding and Market Volatility Risk, Chinese Securities Risks, such as Chinese Government Risk, Chinese Markets Risk and Chinese Currency Risk, as well as Internet Company Industry Risk and Consumer Discretionary Sector Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund.

Distributor: Foreside Fund Services, LLC.

CONTACT: 
James Doyle
JConnelly
973-850-7308
[email protected]

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SOURCE Direxion

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