Direxion Shares has just introduced four bull and bear ETFs linked to natural gas and retail stocks.
The bull leveraged funds aim for 200 percent of the daily performance of the ISE-REVERE Natural Gas Index and the Russell 1000 RGS Retail Index, while the inverse leveraged funds shoot for 200 percent opposite daily performance on the same benchmarks.
The bull leveraged ETFs are:
-- Direxion Daily Retail Bull 2X Shares (RETL)
-- Direxion Daily Natural Gas Related Bull 2X Shares (FCGL)
The bear leveraged ETFs are:
-- Direxion Daily Retail Bear 2X Shares (RETS)
-- Direxion Daily Natural Gas Related Bear 2X Shares (FCGS)
According to the prospectus, the new Direxion ETFs charge 0.95 percent in annual expenses.
At the end of June the Boston-based investment manager had $5.9 billion in ETF assets.