Leveraged

Direxion, the ETF issuer known for its bull and bear leveraged funds, has just launched another four ETFs with double exposure. The new ETFs will provide long and short access to both the retail and natural gas industries. The following are the four recently launched funds: 1.  Direxion Daily Retail Bull 2X Shares (RETL) 2.  [...]

Direxion, the ETF issuer popular for its line of leveraged funds, has announced an upcoming reverse share split on four of its triple leveraged ETFs. The ETFs scheduled for the reverse split on July 8, 2010 are: 1. Direxion Daily Energy Bear 3x Shares (ERY: Profile, Quote, Advanced Chart, News) 2. Direxion Daily Real Estate [...]

Through structured products, exchange-traded funds are earning another use by the banking industry. Normally centered on popular indexes, structured products can better track returns with exchange-traded funds. Two banks, Bank of America and Credit Suisse, both issued notes this week using exchange-traded funds as their underlying indexes. Bank of America launched a two-year leveraged note [...]

Following a near 10% plunge in the US stock markets just two weeks ago, the SEC has released new circuit breakers to prohibit future declines. The rules will come into effect on December 10, 2010 on a trial basis. At present, the guidelines allow for circuit breakers on stocks, but the SEC is expected to [...]

IndexIQ took home the coveted “Most Innovative ETF” award for 2009 from Capital Link. For the first time ever, one company, IndexIQ, earned the honor in two categories: ETFs and indexes. The IndexIQ’s IQ Hedge Multi-Strategy Tracker ETF (QAI: Quote, Profile, Advanced Chart, News) took home the Most Innovative ETF 2009 award, while its underlying [...]

Rydex will close 12 of its leverage exchange-traded funds, saying farewell to an industry largely locked down by larger issuers Direxion and ProShares. The closures follow its acquisition by Guggenheim Capital. The twelve funds to be closed are: 1. Rydex 2X Russell 2000 (RRY) 2. Rydex Inverse 2X Russell 2000 (RMM) 3. Rydex 2X S&P [...]

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 [...]

Exchange-traded notes have proven popular with investors and issuers alike for providing perfect tracking of favorite stocks, bonds, and even commodities. As the SEC probes into derivatives, these products could become even more popular. The SEC halted the creation of new exchange-traded funds backed by swaps and derivatives, but has held the door open for [...]

It is no secret on Wall Street that leveraged and short funds eventually go to $0, but ProShares hopes a reverse split can bring nine of its funds back from the dead. ProShares will enact a reverse split after the closing bell on April 14, hoping to breathe some life into nine plummeting funds. The [...]

ProShares has filed with the SEC to create five new leveraged or inverse funds, expanding the already largest lineup of leveraged products by any one issuer. The new funds tackle popular sectors such as China, bio-tech, basic materials and real estate. The five new funds are: 1. Short FTSE/Xinhua China (YXI) 2. Ultra Nasdaq Biotechnology [...]