Direxion enters Europe with leveraged ETFs

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Direxion has entered the European market by listing six leveraged ETFs on NYSE Euronext Amsterdam.

The Bull and Bear Direxion Shares Daily ETFs are designed to return three times the daily performance, or the inverse of the daily performance, of the MSCI Emerging Markets, Russell 1000 and Russell 1000 Financial Services indices. The firm says these funds are intended for use by sophisticated investors who understand the risks embedded with seeking daily leveraged investment results, and who can actively monitor their positions. Direxion Shares president Dan O'Neill says: "We see a significant growth opportunity in the European market as demand from hedge funds and active traders in...

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