Direxion is launching six new Direxion Shares Daily ETFs, making the leveraged ETF trading instruments now at 34 ETFs.  These will seek 200% of the daily performance or 200% of the inverse of the daily performance of the BNY Mellon BRIC Select ADR Index and the Indus India Index.  There is also a 300% bull and bear fund that tracks the PHLX Semiconductor Sector Index.

The six new Direxion ETFs are as follows:

Leveraged Bull Funds

Direxion Daily BRIC Bull 2X Shares (BRIL) tracks BNY Mellon BRIC Select ADR Index  200%

Direxion Daily India Bull 2x Shares (INDL) tracks the Indus India Index 200%

Direxion Daily Semiconductor Bull 3x Shares (SOXL) tracks the PHLX Semiconductor Sector Index 300%

Leveraged Bear Funds

Direxion Daily BRIC Bear 2x Shares (BRIS) tracks the inverse of the BNY Mellon BRIC Select ADR Index by -200%

Direxion Daily India Bear 2x Shares (INDZ) tracks the inverse of the Indus India Index by -200%

Direxion Daily Semiconductor Bear 3x Shares (SOXS) tracks the inverse of the PHLX Semiconductor Sector Index by -300%

The new BRIC (Brazil, Russia, India, China) and India funds are the first 2x daily leveraged ETFs that Direxion has launched.

As a reminder, all leveraged ETF products have tended to have greater tracking errors and/or tracking risk compared to normal mutual funds and other ETF instruments.  We have even seen reverse stock splits announced in these leveraged ETFs.

JON C. OGG