There are 6 new leveraged Direxion ETFs that are being offered to the public for possible additions to their investment portfolios. This makes a total of 34 leveraged ETF’s from the company that has pioneered the 300% leveraged funds. As with all of these funds there is a bull and a bear fund that is weighted against the performance of a financial index so in total there are 16 indexes that are targeted.
There is the Daily BRIC Bull 2X Shares (BRIL) and the Daily BRIC Bear 2X shares (BRIS) which are leveraged against the BNY Mellon BRIC Select ADR Index. These are the first of its kind for leveraged investing from the leading four developing power house nations of the BRIC or Brazil, Russia, India and China.
The Daily India Bull 2X Shares (INDL) and the Daily India Bear 2X shares (INDZ) are also a first for any leveraged funds against any India market and they are leveraged against the Indus India market.
The last set is for the Chinese market with the Daily Semiconductor Bull 3X Shares (SOXL) and the Daily Semiconductor Bear 3X shares (SOXS). Both of these are leveraged against the Chinese market in the PHLX Semiconductor Sector Index.
All of these ETF’s had an inception date of March 11, 2010 so they are just over one month old. As of April 15, 2010 the BRIL has a one month return of 9.87%, the BRIS has a one month return of -7.85%. The INDL has a one month return of 12.75% and the INDZ is at -13.12%. The SOXL has had a one month return of 44.67 and the SOXS is at -35.02%.
The bull ETF investing is by far outperforming the bears but this could change. These new Direxion ETFs are traded daily and could fluctuate greater than other ETF’s. This is one type of investment that the buyer should beware.
For additional resources about ETF on this website, please view India ETF Mutual Funds.
If you would like other investing news from Vanguards then please try South Carolina CD Rates on our sister site www.bestcdratestoday.com or First Niagara CD Rates Review on bankcdratesonline.com for other investing news.
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name. Always remember the bigger the risk, the larger the reward or loss. Invest with caution.
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