NEW YORK, June 23, 2016 /PRNewswire/ -- Direxion is changing the benchmark indices of two leveraged exchange-traded funds (ETFs). The modifications will take effect on or about August 22, 2016.
The changes are summarized as follows:
| Fund Name |
Ticker |
Current Index |
New Index |
| Direxion Daily FTSE Developed Markets Bull 1.25X Shares |
LLDM |
FTSE Developed ex North America Index |
FTSE Developed All Cap ex US Index |
| Direxion Daily FTSE Europe Bull 3X Shares |
EURL |
FTSE Developed Europe Index |
FTSE Developed Europe All Cap Index |
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 $9.8 billion in assets under management as of March 31, 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 and inverse 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 inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the 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.
Risks:
An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps 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 a multiple of the return of the Index for periods other than a single day. For other risks including correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.
Distributor: Foreside Fund Services, LLC.
| CONTACT: |
James Doyle |
| JConnelly |
|
| 973-850-7308 |
|
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SOURCE Direxion
Related Links
http://www.direxioninvestments.com
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