Direxion has launched five leveraged ETFs, further expanding its existing lineup of more than 75 leveraged and inverse ETFs.
The five new ETFS aim to provide exposure to areas affected by changing policies.
Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) looks at the benchmark Dow Jones U.S. Select Aerospace & Defense Index. Direxion Daily Industrials Bull 3X Shares (DUSL) uses the Industrials Select Sector Index as its benchmark.
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) uses the MSCI Mexico IMI 25/50 Index as its benchmark. Direxion Daily Transportation Bull 3X Shares (TPOR) uses the Dow Jones Transportation Average for its benchmark. And, the Direxion Daily Utilities Bull 3X Shares (UTSL) uses the Utilities SelectSector Index as its benchmark.
“With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape,” said Sylvia Jablonski, managing director at Direxion, in a statement. “We aim to provide traders with ways to capitalize on opportunities created by those new policies.”
Arrow Funds Adds Two ETFs To E*Trade’s Commission-Free ETF Platform
Arrow Funds placed two ArrowShares exchange-traded funds (ETFs) on E*TRADE’s commission-free ETF platform.
The firm’s flagship ETF, Arrow Dow Jones Global Yield ETF (NYSE: GYLD), as well as the Arrow DWA Tactical ETF (NASDAQ: DWAT) can now be bought and sold without paying brokerage commissions via E*TRADE’s platform.
“We are pleased to enhance accessibility to two Arrow ETFs that can help investors meet specific portfolio needs,” said Joseph Barrato, CEO and Director of Investment Strategy at Arrow Funds. “The Arrow Dow Jones Global Yield ETF addresses the income challenge that so many investors currently face, while the Arrow DWA Tactical ETF offers an attractive option for investors seeking a global macro strategy.”
Benchmarked to the Dow Jones Global Composite Index, GYLD provides global, multi-asset exposure to traditional and alternative sources of yield, including global sovereign debt, global equity, global real estate, global alternatives (master limited partnerships) and global corporate debt.
DWAT provides an active strategy that leverages the technical analysis expertise of Dorsey, Wright & Associates (DWA) to respond to changing market conditions.
Thornburg Launches Limited Term Income UCITS Fund
Thornburg Investment Management launched the firm’s first fixed income UCITS product, the Thornburg Limited Term Income Fund. The firm now has six UCITS funds, domiciled in Ireland, that are available to overseas investors.
The Thornburg Limited Term Income Fund will be managed by Jason Brady, Lon Erickson and Jeff Klingelhofer, along with support from the entire Thornburg investment team.
This new product, which is similar to the U.S.-based Thornburg Limited Term Income Fund (THIFX), is a laddered portfolio of short and intermediate investment grade obligations with an average maturity of less than five years.
The UCITS fund will have six different share classes, with both accumulation and distribution shares of A, I and C share classes, and will only be available to offshore investors.