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==History==
==History==
Direxion was founded in 1997 under the name Potomac Funds as a provider of [[mutual fund]]s. The original name referred to the [[Potomac River]] near the company's first office in [[Alexandria, Virginia]].<ref name="FinancialPlanning20060513">{{cite news|url=https://www.financial-planning.com/news/potomac-funds-stakes-out-new-direxion|title=Potomac Funds Stakes Out New Direxion|work=Financial Planning|date=2006-05-15|access-date=2020-05-13}}</ref> The company began using the Direxion name in 2006. The use of the letter "X" in the new name was intended to draw attention to the leveraged index funds in the company's offerings. That year the company also opened an office in the [[Prudential Tower]] in [[Boston, Massachusetts]].<ref>{{cite news|url=https://www.institutionalinvestor.com/article/b150nw8ntz57lx/recently-rebranded-direxion-tweaks-funds|title=Recently Rebranded Direxion Tweaks Funds|work=Institutional Investor|date=2006-05-24|access-date=2020-05-12}}</ref> In November 1997, Potomac Investments became the second company to introduce an inverse mutual fund, following a similar move by [[Rydex]] Investments in 1994.<ref>{{cite news|url=https://www.wsj.com/articles/SB120675127667273453|first=Shefali|last=Anand|title=Investors Give Gloom Funds a Bear Hug|newspaper=The Wall Street Journal|date=2008-03-29|access-date=2020-05-13|archive-url=http://archive.is/sXwY8|archive-date=2020-05-13}}</ref>
Direxion was founded in 1997 under the name Potomac Funds as a provider of [[mutual fund]]s. The original name referred to the [[Potomac River]] near the company's first office in [[Alexandria, Virginia]].<ref name="FinancialPlanning20060513">{{cite news|url=https://www.financial-planning.com/news/potomac-funds-stakes-out-new-direxion|title=Potomac Funds Stakes Out New Direxion|work=Financial Planning|date=2006-05-15|access-date=2020-05-13}}</ref> In November 1997, Potomac Investments became the second company to introduce an inverse mutual fund, following a similar move by [[Rydex]] Investments in 1994.<ref>{{cite news|url=https://www.wsj.com/articles/SB120675127667273453|first=Shefali|last=Anand|title=Investors Give Gloom Funds a Bear Hug|newspaper=The Wall Street Journal|date=2008-03-29|access-date=2020-05-13|archive-url=http://archive.is/sXwY8|archive-date=2020-05-13}}</ref> The company began using the Direxion name in 2006. The use of the letter "X" in the new name was intended to draw attention to the leveraged index funds in the company's offerings. That year the company also opened an office in the [[Prudential Tower]] in [[Boston, Massachusetts]].<ref>{{cite news|url=https://www.institutionalinvestor.com/article/b150nw8ntz57lx/recently-rebranded-direxion-tweaks-funds|title=Recently Rebranded Direxion Tweaks Funds|work=Institutional Investor|date=2006-05-24|access-date=2020-05-12}}</ref>


Direxion launched its first leveraged ETFs in 2008.<ref>{{cite news|url=https://www.investors.com/etfs-and-funds/etfs/direxion-expands-relative-weight-etfs/|first=Marie|last=Beerens|title=Direxion Expands Beyond Leveraged, Inverse ETFs With New Fund Suite|newspaper=Investor's Business Daily|date=2019-02-01|access-date=2020-05-12}}</ref> In November 2008 the company was the first to offer ETFs with 3X leverage, a move that was copied some months later by its competitors [[ProShares]] and Rydex Investments. The move made it one of the fastest-growing ETF companies, with its sixteen 3X ETFs reaching a total of $3.4 billion in assets by April 2009.<ref>{{cite news|url=https://www.etf.com/sections/features/4779-etfs-with-300-leverage-inverse-power-set-to-launch.html|title=Leveraged ETFs With 300% Exposures Set To Launch|work=ETF.com|date=2008-11-03|access-date=2020-05-13}}</ref><ref>{{cite news|url=https://www.etf.com/sections/features/5742-proshares-files-for-3x-leverage-on-97-new-etfs.html|first=Murray|last=Coleman|title=ProShares Files For 3X Leverage On 94 New ETFs|work=ETF.com|date=2009-04-22|access-date=2020-05-13}}</ref> The move towards higher-leverage offerings by the three companies provoked scrutiny from the [[U.S. Securities and Exchange Commission]] and the [[Massachusetts Secretary of the Commonwealth]], and a number of [[broker-dealer]]s stopped selling leveraged ETFs. The criticisms centered around perceived [[tracking error]]: the ETFs were designed to achieve the stated multiple of the return on the [[underlying]] on a daily basis only (with the cost of the daily [[rebalancing investments|rebalancing]] passed on to investors in the form of higher [[expense ratio]]s), but commentators suggested that some investors, even [[institutional investor]]s, had mistakenly tried to use the inverse products as a longer-term hedge against the underlying.<ref>{{cite news|url=https://www.ipe.com/top-gear/32838.article|first=Martin|last=Steward|title=Top gear?|work=IPE Magazine|date=September 2009|access-date=2020-05-13}}</ref><ref>{{cite news|url=https://www.wsj.com/articles/SB10001424052702304506904575180022446144914|first=John|last=Spence|title=Leveraged ETFs Are Under SEC Scrutiny|work=The Wall Street Journal|date=2010-04-13|access-date=2020-05-13|archive-url=http://archive.is/4fNH5|archive-date=2020-05-13}}</ref><ref>{{cite news|url=http://www.mondaq.com/unitedstates/investment-strategy/87604/rebalancing-act-a-primer-on-leveraged-and-inverse-etfs|first=Raymund|last=Wong|title=United States: Rebalancing Act: A Primer On Leveraged and Inverse ETFs|work=Mondaq.com|date=2009-11-10|access-date=2020-05-13}}</ref>
Direxion launched its first leveraged ETFs in 2008.<ref>{{cite news|url=https://www.investors.com/etfs-and-funds/etfs/direxion-expands-relative-weight-etfs/|first=Marie|last=Beerens|title=Direxion Expands Beyond Leveraged, Inverse ETFs With New Fund Suite|newspaper=Investor's Business Daily|date=2019-02-01|access-date=2020-05-12}}</ref> In November 2008 the company was the first to offer ETFs with 3X leverage, a move that was copied some months later by its competitors [[ProShares]] and Rydex Investments. The move made it one of the fastest-growing ETF companies, with its sixteen 3X ETFs reaching a total of $3.4 billion in assets by April 2009.<ref>{{cite news|url=https://www.etf.com/sections/features/4779-etfs-with-300-leverage-inverse-power-set-to-launch.html|title=Leveraged ETFs With 300% Exposures Set To Launch|work=ETF.com|date=2008-11-03|access-date=2020-05-13}}</ref><ref>{{cite news|url=https://www.etf.com/sections/features/5742-proshares-files-for-3x-leverage-on-97-new-etfs.html|first=Murray|last=Coleman|title=ProShares Files For 3X Leverage On 94 New ETFs|work=ETF.com|date=2009-04-22|access-date=2020-05-13}}</ref> The move towards higher-leverage offerings by the three companies provoked scrutiny from the [[U.S. Securities and Exchange Commission]] and the [[Massachusetts Secretary of the Commonwealth]], and a number of [[broker-dealer]]s stopped selling leveraged ETFs. The criticisms centered around perceived [[tracking error]]: the ETFs were designed to achieve the stated multiple of the return on the [[underlying]] on a daily basis only (with the cost of the daily [[rebalancing investments|rebalancing]] passed on to investors in the form of higher [[expense ratio]]s), but commentators suggested that some investors, even [[institutional investor]]s, had mistakenly tried to use the inverse products as longer-term hedges against their underlyings.<ref>{{cite news|url=https://www.ipe.com/top-gear/32838.article|first=Martin|last=Steward|title=Top gear?|work=IPE Magazine|date=September 2009|access-date=2020-05-13}}</ref><ref>{{cite news|url=https://www.wsj.com/articles/SB10001424052702304506904575180022446144914|first=John|last=Spence|title=Leveraged ETFs Are Under SEC Scrutiny|work=The Wall Street Journal|date=2010-04-13|access-date=2020-05-13|archive-url=http://archive.is/4fNH5|archive-date=2020-05-13}}</ref><ref>{{cite news|url=http://www.mondaq.com/unitedstates/investment-strategy/87604/rebalancing-act-a-primer-on-leveraged-and-inverse-etfs|first=Raymund|last=Wong|title=United States: Rebalancing Act: A Primer On Leveraged and Inverse ETFs|work=Mondaq.com|date=2009-11-10|access-date=2020-05-13}}</ref>


In December 2010, Direxion added 24 ETFs to its range of offerings, including some non-leveraged funds, and continued to expand its offering of non-leveraged funds in 2011.<ref>{{cite news|url=https://etfdb.com/2010/direxion-unveils-tidal-wave-of-etf-proposals/|first=Jared|last=Cumman|title=Direxion Unveils Tidal Wave Of ETF Proposals|publisher=ETF Database|date=2010-12-14|access-date=2020-05-12}}</ref><ref>{{cite news|url=https://www.reuters.com/article/direxion-etf/direxion-to-expand-non-leveraged-etf-lineup-idUSN1E7AR0PB20111128|title=Direxion to expand non-leveraged ETF lineup|agency=Reuters|date=2011-11-28|access-date=2020-05-13}}</ref> The company's gold miner bull and bear ETFs are among the most-traded gold-related leveraged ETFs.<ref>{{cite news|url=https://www.cnbc.com/2016/03/02/the-strange-etf-thats-doubled-this-year.html|first=Alex|last=Rosenberg|title=The strange ETF that's doubled this year|work=CNBC|date=2016-03-02|access-date=2020-05-12}}</ref><ref>{{cite news|url=https://www.investopedia.com/articles/markets/071116/4-most-traded-2x-and-3x-gold-etfs-dust-nugt.asp|first=David|last=Dierking|title=The 4 Most Traded 2x and 3x Gold ETFs|work=Investopedia|date=2020-04-16|access-date=2020-05-12}}</ref> In February 2020, the company announced the launch of its first leveraged [[environmental, social and corporate governance]] fund, offering 150% long exposure and 50% short exposure respectively to the best- and worst-scoring companies in the [[MSCI]] USA ESG index, with a quarterly rebalance.<ref>{{cite news|url=https://www.ft.com/content/84f4193b-a3a2-4fe8-b149-d395e96619a1|first=Patrick|last=Temple-West|title=Direxion launches high-risk sustainable investment ETF|newspaper=Financial Times|date=2020-02-06|access-date=2020-05-12}}</ref> In March 2020, amidst the [[2020 stock market crash]], Direxion announced that it would reduce the leverage of ten of its ETFs from 3x to 2x and close eight others.<ref name="Bloomberg20200323">{{cite news|url=https://www.bloomberg.com/news/articles/2020-03-23/ten-leveraged-direxion-funds-cut-exposure-amid-global-turmoil|first=Claire|last=Ballentine|title=Direxion Cuts Leverage on 10 Funds to 200%, Closes Eight Others|work=Bloomberg News|date=2020-03-23|access-date=2020-05-12}}</ref> This was part of a broader trend among providers of leveraged ETFs during the first quarter of 2020; nevertheless, Direxion saw [[capital inflows|inflows]] of nearly $4 billion during March 2020 alone.<ref>{{cite news|url=https://news.bloomberglaw.com/securities-law/leveraged-etf-blow-ups-draw-sec-scrutiny-with-jump-in-complaints|title=Leveraged ETF Blowups Draw SEC Scrutiny Amid Market Turmoil|work=Bloomberg Law|date=2020-04-04|access-date=2020-05-13}}</ref>
In December 2010, Direxion added 24 ETFs to its range of offerings, including some non-leveraged funds, and continued to expand its offering of non-leveraged funds in 2011.<ref>{{cite news|url=https://etfdb.com/2010/direxion-unveils-tidal-wave-of-etf-proposals/|first=Jared|last=Cumman|title=Direxion Unveils Tidal Wave Of ETF Proposals|publisher=ETF Database|date=2010-12-14|access-date=2020-05-12}}</ref><ref>{{cite news|url=https://www.reuters.com/article/direxion-etf/direxion-to-expand-non-leveraged-etf-lineup-idUSN1E7AR0PB20111128|title=Direxion to expand non-leveraged ETF lineup|agency=Reuters|date=2011-11-28|access-date=2020-05-13}}</ref> The company's gold miner bull and bear ETFs are among the most-traded gold-related leveraged ETFs.<ref>{{cite news|url=https://www.cnbc.com/2016/03/02/the-strange-etf-thats-doubled-this-year.html|first=Alex|last=Rosenberg|title=The strange ETF that's doubled this year|work=CNBC|date=2016-03-02|access-date=2020-05-12}}</ref><ref>{{cite news|url=https://www.investopedia.com/articles/markets/071116/4-most-traded-2x-and-3x-gold-etfs-dust-nugt.asp|first=David|last=Dierking|title=The 4 Most Traded 2x and 3x Gold ETFs|work=Investopedia|date=2020-04-16|access-date=2020-05-12}}</ref> In February 2020, the company announced the launch of its first leveraged [[environmental, social and corporate governance]] fund, offering 150% long exposure and 50% short exposure respectively to the best- and worst-scoring companies in the [[MSCI]] USA ESG index, with a quarterly rebalance.<ref>{{cite news|url=https://www.ft.com/content/84f4193b-a3a2-4fe8-b149-d395e96619a1|first=Patrick|last=Temple-West|title=Direxion launches high-risk sustainable investment ETF|newspaper=Financial Times|date=2020-02-06|access-date=2020-05-12}}</ref> In March 2020, amidst the [[2020 stock market crash]], Direxion announced that it would reduce the leverage of ten of its ETFs from 3x to 2x and close eight others.<ref name="Bloomberg20200323">{{cite news|url=https://www.bloomberg.com/news/articles/2020-03-23/ten-leveraged-direxion-funds-cut-exposure-amid-global-turmoil|first=Claire|last=Ballentine|title=Direxion Cuts Leverage on 10 Funds to 200%, Closes Eight Others|work=Bloomberg News|date=2020-03-23|access-date=2020-05-12}}</ref> This was part of a broader trend among providers of leveraged ETFs during the first quarter of 2020; nevertheless, Direxion saw [[capital inflows|inflows]] of nearly $4 billion during March 2020 alone.<ref>{{cite news|url=https://news.bloomberglaw.com/securities-law/leveraged-etf-blow-ups-draw-sec-scrutiny-with-jump-in-complaints|title=Leveraged ETF Blowups Draw SEC Scrutiny Amid Market Turmoil|work=Bloomberg Law|date=2020-04-04|access-date=2020-05-13}}</ref>

Revision as of 04:02, 13 May 2020

#REDIRECT Exchange-traded fund#Leveraged ETFs

Direxion is a provider of financial products known for its leveraged ETFs. The company has offices in the United States and Hong Kong.

History

Direxion was founded in 1997 under the name Potomac Funds as a provider of mutual funds. The original name referred to the Potomac River near the company's first office in Alexandria, Virginia.[1] In November 1997, Potomac Investments became the second company to introduce an inverse mutual fund, following a similar move by Rydex Investments in 1994.[2] The company began using the Direxion name in 2006. The use of the letter "X" in the new name was intended to draw attention to the leveraged index funds in the company's offerings. That year the company also opened an office in the Prudential Tower in Boston, Massachusetts.[3]

Direxion launched its first leveraged ETFs in 2008.[4] In November 2008 the company was the first to offer ETFs with 3X leverage, a move that was copied some months later by its competitors ProShares and Rydex Investments. The move made it one of the fastest-growing ETF companies, with its sixteen 3X ETFs reaching a total of $3.4 billion in assets by April 2009.[5][6] The move towards higher-leverage offerings by the three companies provoked scrutiny from the U.S. Securities and Exchange Commission and the Massachusetts Secretary of the Commonwealth, and a number of broker-dealers stopped selling leveraged ETFs. The criticisms centered around perceived tracking error: the ETFs were designed to achieve the stated multiple of the return on the underlying on a daily basis only (with the cost of the daily rebalancing passed on to investors in the form of higher expense ratios), but commentators suggested that some investors, even institutional investors, had mistakenly tried to use the inverse products as longer-term hedges against their underlyings.[7][8][9]

In December 2010, Direxion added 24 ETFs to its range of offerings, including some non-leveraged funds, and continued to expand its offering of non-leveraged funds in 2011.[10][11] The company's gold miner bull and bear ETFs are among the most-traded gold-related leveraged ETFs.[12][13] In February 2020, the company announced the launch of its first leveraged environmental, social and corporate governance fund, offering 150% long exposure and 50% short exposure respectively to the best- and worst-scoring companies in the MSCI USA ESG index, with a quarterly rebalance.[14] In March 2020, amidst the 2020 stock market crash, Direxion announced that it would reduce the leverage of ten of its ETFs from 3x to 2x and close eight others.[15] This was part of a broader trend among providers of leveraged ETFs during the first quarter of 2020; nevertheless, Direxion saw inflows of nearly $4 billion during March 2020 alone.[16]

List of funds

Bull Bear References
Ticker Name Comments Ticker Name Comments
MIDU Direxion Daily Mid Cap Bull 3X Shares   MIDZ Direxion Daily Mid Cap Bear 3X Shares Liquidated in April 2020 [17]
DPST Direxion Daily Regional Banks Bull 3X Shares   WDRW Direxion Daily Regional Banks Bear 3X Shares Liquidated in April 2020 [17]
BAR Direxion Daily Gold Bull 3x Shares   BARS Direxion Daily Gold Bear 3x Shares Liquidated in December 2014 [18]
NUGT Direxion Daily Gold Miners Index Bull 2X Shares 3X until May 2020 DUST Direxion Daily Gold Miners Index Bear 2X Shares 3X until May 2020 [15]
JNUG Direxion Daily Junior Gold Miners Index Bull 2X Shares 3X until May 2020 JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares 3X until May 2020 [15]
ERX Direxion Daily Energy Bull 2X Shares 3X until May 2020 ERY Direxion Daily Energy Bear 2X Shares 3X until May 2020 [15]
GUSH Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares 3X until May 2020 DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares 3X until May 2020 [15]
GASL Direxion Daily Natural Gas Related Bull 3X Shares Liquidated in April 2020 GASX Direxion Daily Natural Gas Related Bear 3X Shares Liquidated in April 2020 [17]
COWL Direxion Daily Agribusiness Bull 3X Shares Liquidated in September 2012 COWS Direxion Daily Agribusiness Bear 3X Shares Liquidated in September 2012 [19]
MATL Direxion Daily Basic Materials Bull 3X Shares Liquidated in October 2015 MATS Direxion Daily Basic Materials Bear 3X Shares Liquidated in September 2012 [19][20]
CURE Direxion Daily Healthcare Bull 3X Shares   SICK Direxion Daily Healthcare Bear 3X Shares Liquidated in September 2017 [21]
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares   CLAW Direxion Daily Homebuilders & Supplies Bear 3X Shares Liquidated in September 2017 [21]
RETL Direxion Daily Retail Bull 3X Shares   RETS Direxion Daily Retail Bear 3X Shares Liquidated in September 2012 [19]
BRIL Direxion Daily BRIC Bull 3X Shares Liquidated in September 2012 BRIS Direxion Daily BRIC Bear 3X Shares Liquidated in September 2012 [19]
DZK Direxion Daily MSCI Developed Markets Bull 3X Share   DPK Direxion Daily MSCI Developed Markets Bear 3X Share Liquidated in April 2020 [17]
EURL Direxion Daily FTSE Europe Bull 3X Shares   EURZ Direxion Daily FTSE Europe Bear 3x Shares Liquidated in September 2014 [18]
EUFL Direxion Daily MSCI European Financials Bull 2X Shares Liquidated in April 2020 EUFS Direxion Daily MSCI European Financials Bear 1X Shares Liquidated in September 2017 [17][21]
BRZU Direxion Daily MSCI Brazil Bull 2X Shares 3X until May 2020 BRZS Direxion Daily MSCI Brazil Bear 3X Shares Liquidated in September 2014 [15][18]
INDL Direxion Daily MSCI India Bull 3X Shares   INDZ Direxion Daily India Bear 3X Shares Liquidated in September 2012 [22]
JPNL Direxion Daily MSCI Japan Bull 3X Shares   JPNS Direxion Daily Japan Bear 3x Shares Liquidated in September 2014 [18][23]
LBJ Direxion Daily Latin America Bull 3X Shares   LHB Direxion Daily Latin America Bear 3X Shares Liquidated in September 2012 [19]
MEXX Direxion Daily MSCI Mexico Bull 3X Shares     Direxion Daily MSCI Mexico Bear 3X Shares Registered but never offered [24]
RUSL Direxion Daily Russia Bull 2X Shares 3X until May 2020 RUSS Direxion Daily Russia Bear 3X Shares Liquidated in April 2020 [15]
KORU Direxion Daily South Korea Bear 3x Shares   KORZ Direxion Daily South Korea Bear 3x Shares Liquidated in September 2014 [18]
SAGG Direxion Daily Total Bond Market Bear 1X Shares Liquidated in April 2020 [17]

References

  1. ^ "Potomac Funds Stakes Out New Direxion". Financial Planning. 2006-05-15. Retrieved 2020-05-13.
  2. ^ Anand, Shefali (2008-03-29). "Investors Give Gloom Funds a Bear Hug". The Wall Street Journal. Archived from the original on 2020-05-13. Retrieved 2020-05-13.
  3. ^ "Recently Rebranded Direxion Tweaks Funds". Institutional Investor. 2006-05-24. Retrieved 2020-05-12.
  4. ^ Beerens, Marie (2019-02-01). "Direxion Expands Beyond Leveraged, Inverse ETFs With New Fund Suite". Investor's Business Daily. Retrieved 2020-05-12.
  5. ^ "Leveraged ETFs With 300% Exposures Set To Launch". ETF.com. 2008-11-03. Retrieved 2020-05-13.
  6. ^ Coleman, Murray (2009-04-22). "ProShares Files For 3X Leverage On 94 New ETFs". ETF.com. Retrieved 2020-05-13.
  7. ^ Steward, Martin (September 2009). "Top gear?". IPE Magazine. Retrieved 2020-05-13.
  8. ^ Spence, John (2010-04-13). "Leveraged ETFs Are Under SEC Scrutiny". The Wall Street Journal. Archived from the original on 2020-05-13. Retrieved 2020-05-13.
  9. ^ Wong, Raymund (2009-11-10). "United States: Rebalancing Act: A Primer On Leveraged and Inverse ETFs". Mondaq.com. Retrieved 2020-05-13.
  10. ^ Cumman, Jared (2010-12-14). "Direxion Unveils Tidal Wave Of ETF Proposals". ETF Database. Retrieved 2020-05-12.
  11. ^ "Direxion to expand non-leveraged ETF lineup". Reuters. 2011-11-28. Retrieved 2020-05-13.
  12. ^ Rosenberg, Alex (2016-03-02). "The strange ETF that's doubled this year". CNBC. Retrieved 2020-05-12.
  13. ^ Dierking, David (2020-04-16). "The 4 Most Traded 2x and 3x Gold ETFs". Investopedia. Retrieved 2020-05-12.
  14. ^ Temple-West, Patrick (2020-02-06). "Direxion launches high-risk sustainable investment ETF". Financial Times. Retrieved 2020-05-12.
  15. ^ a b c d e f g Ballentine, Claire (2020-03-23). "Direxion Cuts Leverage on 10 Funds to 200%, Closes Eight Others". Bloomberg News. Retrieved 2020-05-12.
  16. ^ "Leveraged ETF Blowups Draw SEC Scrutiny Amid Market Turmoil". Bloomberg Law. 2020-04-04. Retrieved 2020-05-13.
  17. ^ a b c d e f Kiesche, Liz (2020-03-23). "Direxion cuts leverage on 10 funds, closes eight funds". Seeking Alpha. Retrieved 2020-05-12.
  18. ^ a b c d e "Direxion To Shut Down BARS, The 3x Gold Bear ETF". Seeking Alpha. 2014-12-24. Retrieved 2020-05-12.
  19. ^ a b c d e Rowland, Ron (2012-08-20). "Direxion Closing Nine Leveraged And Inverse ETFs". Seeking Alpha. Retrieved 2020-05-13.
  20. ^ "Direxion To Close Down 3 Leveraged ETFs". Zacks.com. 2015-10-15. Retrieved 2020-05-13. {{cite news}}: Check |archive-url= value (help)
  21. ^ a b c Kim, Crystal (2017-09-05). "12 Inverse and Leveraged ETFs to Bite the Dust". Barron's. Retrieved 2020-05-13.
  22. ^ Magoon, Christian (2012-08-07). "This Bearish 3X India ETF Will Liquidate In September (INDZ)". ETF Daily News. Retrieved 2020-05-13.
  23. ^ Ludwig, Olly (2013-06-26). "Direxion Debuts Bull/Bear 3X Japan ETFs". ETF.com. Retrieved 2020-05-12.
  24. ^ "Direxion Files For 8 New Triple-Leveraged Global ETFs". Nasdaq.com. 2013-04-10. Retrieved 2020-05-13.

Category:Financial services companies established in 1997

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