Newest Direxion ETFs to be Serviced by BNY Mellon
Direxion Funds, one of the leading issuers of leveraged ETFs, has chosen BNY Mellon to provide ETF services for its nine most recently launched ETFs. Eight of the nine new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Agribusiness, Russian, Materials and Healthcare industries. The final [...]
Direxion Adds Four New Leveraged ETFs to its Lineup
Direxion Funds, one of the leading issuers of leveraged ETFs, has expanded its lineup with the launch of four new funds. The new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Agribusiness sector and Russia. According to the press release, the new funds are listed as: [...]
Van Eck Launches Russia Small-Cap ETF
Van Eck’s new small-cap ETF (RSXJ) began trading today on the New York Stock Exchange. It’s the first ETF on U. S. markets which is intended to give exposure to the developing local economy in Russia. Ed Kuczma, Van Eck’s Emerging Market Analyst said “We are strong believers in Russia and many other emerging [...]
iShares Announces Launch of New iShares Russia Exchange Traded Fund
BlackRock, Inc. announced that the iShares Exchange Traded Funds (ETFs) business, the world’s largest manager of ETFs, launched the new iShares MSCI Russia Capped Index Fund (ERUS) on the NYSE Arca. The new fund launch completes the suite of iShares BRIC single country funds. In addition, with the launch today, the iShares international single country [...]
First Small Cap India ETF Launched
For the first time, investors will have direct access to India’s small cap equity market with the launch of a new ETF by EG Shares. The new ETF, known as INDXX India Small Cap Index Fund (SCIN: Profile, Quote, Advanced Chart, News), will track the INDXX India Small Cap Index made up of 75 stocks [...]
Direxion Skirts SEC Hold to File 36 Funds
Planning for the future, Direxion has filed with the SEC to create 36 new funds. 34 of these will be bullish and bearish triple leveraged funds, all pending during the heat of a SEC review. Following the popularity of geographically centered ETFs, many of the new funds will be leveraged around a portfolio of stocks [...]
ETF Option Traders Signal Bear Move in Russia
Option volume in the Market Vectors Russia (RSX: Quote, Profile, Advanced Chart, News) indicates that Russian markets may soon enter a bear market. Uncharacteristic put volume reflects a dip of greater than 17% by May. Open interest on the popular ETF rose to 60,608 put contracts, 2.42 times as many call contracts, which suggest a [...]
iShares Starts Land Grab in Country-Specific ETFs
The race to dominate country specific funds is in full swing. iShares recently filed with the SEC to create another six country-specific ETFs. The six new funds are: 1. iShares MSCI Brazil Small Cap Index Fund 2. iShares MSCI Egypt Capped Investable Market Index Fund 3. iShares MSCI Ireland Capped Investable Market Index Fund 4. [...]
First Trust Files for Three Commodity and BICK Funds
First Trust has filed with the SEC to create three new funds – two commodities and one emerging market – that will seek to latch onto the growing market for the two asset classes. First Trust filed for the following three ETFs with the SEC: 1. First Trust BICK Index Fund 2. First Trust ISE [...]
WisdomTree Grows Two New American Dollar ETFs
WisdomTree has filed with the SEC to create two new funds that track the change of the American dollar against a basket of world currencies. The new funds will compete with PowerShares US DB Dollar ETF (UUP: Quote, Profile, Advanced Chart, News), which has attracted more than $3 billion from investors. The WisdomTree Rising Dollar [...]
