This Direxion ETFs review will cover all 6 new ETFs from this investment brokerage. There is the BRIC Bull 2X Shares, the India Bull 2x Shares, the Semiconductor Bull 3X Shares, BRIC Bear 2X Shares, the India Bear 2x Shares, and the Semiconductor Bear 3X Shares. Three are bear funds while three are bull funds.
The Direxion Daily BRIC Bull 2X Shares Fund tracks the BNY Mellon BRIC Select ADR index with a leverage of the index at 200%. This fund gives investors exposure to the markets in Brazil, Russia, India, and China and has a stock symbol of BRIL.
The Direxion Daily India Bull 2X Shares Fund tracks the Indus India index with a leverage of the index at 200%. This fund gives investors exposure only to the India market and has a stock symbol of INDL.
The Direxion Daily Semiconductor Bull 3X Shares Fund tracks the PHLX Semiconductor sector index with a leverage of the index at 300%. This fund gives investors exposure only to the Semiconductor specific benchmark and has a stock symbol of SOXL.
The Direxion Daily BRIC Bear 2X Shares Fund tracks the inverse of the BNY Mellon BRIC Select ADR index with a leverage of the index at -200%. This fund gives investors exposure to the markets in Brazil, Russia, India, and China and has a stock symbol of BRIS.
The Direxion Daily India Bear 2X Shares Fund tracks the inverse of the Indus India index with a leverage of the index at -200%. This fund gives investors exposure only to the India market and has a stock symbol of INDZ.
The Direxion Daily Semiconductor Bear 3X Shares Fund tracks the inverse of the PHLX Semiconductor sector index with a leverage of the index at -300%. This fund gives investors exposure only to the Semiconductor specific benchmark and has a stock symbol of SOXS.
These ETF investing possibilities are at more risk because of tracking errors that occur with them than what occurs with normal mutual funds. Because of this, many leveraged funds like in this Direxion ETFs review can possibly have reverse stock splits when these major errors occur.
For additional resources about ETF on this website, please view Best S&P 500 ETF Funds
If you would like to compare these funds to one of Vanguards than please try Vanguard FTSE All-World ex-US ETF on our sister site www.bestmutualfundsnow.com
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name.
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