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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
October 26, 2011 at 08:00 PM
Big changes are coming to the Direxion Shares ETF lineup. The company’s Board of Trustees approved alternations to the names and investment strategies for 10 leveraged funds.
The funds’ investment objectives will seek daily results, before fees and expenses, of 300 percent or inverse 300 percent of the performance of the fund’s target index. The funds previously sought daily results of 200 percent or inverse 200 percent.
The changes are effective December 1, 2011 and apply to Direxion funds including Daily BRIC (BRIL), Daily India (INDL) and Daily Retail Bull (RETL). Names of the affected funds will be changed from 2X to 3X; for example, Daily Gold Miners Bear 2X Shares becomes Daily Gold Miners Bear 3X Shares (GSAL). The funds’ ticker symbols and expense ratios will remain the same.
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