NEW YORK, March 2, 2016 /PRNewswire/ -- Direxion announces changes to the benchmark indices of six leveraged and inverse exchange-traded funds (ETFs), along with other changes. The modifications will take effect on or about May 2, 2016.
The changes are summarized as follows:
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Fund Name
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Ticker
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Current Index
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New Index
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Direxion Daily 7-10 Year Treasury Bear 1X Shares
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TYNS
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NYSE 7-10 Year Treasury Bond Index
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ICE U.S. Treasury 7-10 Year Bond Index
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Direxion Daily 20+ Year Treasury Bear 1X Shares
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TYBS
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NYSE 20 Year Plus Treasury Bond Index
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ICE U.S. Treasury 20+ Year Bond Index
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Direxion Daily 7-10 Year Treasury Bull 3X Shares
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TYD
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NYSE 7-10 Year Treasury Bond Index
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ICE U.S. Treasury 7-10 Year Bond Index
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Direxion Daily 7-10 Year Treasury Bear 3X Shares
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TYO
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NYSE 7-10 Year Treasury Bond Index
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ICE U.S. Treasury 7-10 Year Bond Index
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Direxion Daily 20+ Year Treasury Bull 3X Shares
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TMF
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NYSE 20 Year Plus Treasury Bond Index
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ICE U.S. Treasury 20+ Year Bond Index
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Direxion Daily 20+ Year Treasury Bear 3X Shares
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TMV
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NYSE 20 Year Plus Treasury Bond Index
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ICE U.S. Treasury 20+ Year Bond Index
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"Choosing Intercontinental Exchange (ICE) as the new benchmark index provider for our Treasury ETFs is the result of a thorough due diligence process," said Eric Falkeis, Direxion's Chief Operating Officer. "Their proven expertise in index design and calculation services were important factors in our decision."
About Direxion Investments:
Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $9.2 billion in assets under management as of December 31, 2015. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.
There is no guarantee that the funds will achieve their objectives.
For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866-476-7523.
The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leverage employed, there is no guarantee of amplified long-term returns. Past performance is not indicative of future results.
An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.
Risks:
An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including leverage, correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.
Distributor: Foreside Fund Services, LLC.
CONTACT:
James Doyle
JCPR
973-850-7308
jdoyle@jcprinc.com
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SOURCE Direxion