Direxion Adds Materials, Health, and Total Market ETFs

Direxion announced (pdf) the addition of five new ETFs to its lineup last week (6/15/11).  Four of the new funds are 3x leveraged bullish and bearish plays on the materials and health sectors.  The fifth is a non-leveraged total U.S. stock market bear fund. Direxion Daily Basic Materials Bull 3x Shares (MATL) seeks daily investment results of 300% of the price performance of the S&P Materials Select Sector Index with a 0.95% expense ratio.  Overview and fact sheet (pdf). Direxion Daily Basic Materials Bear 3x Shares (MATS) seeks daily investment results of 300% of the inverse (opposite) of the price performance of the S&P Materials Select Sector Index with a 0.95% expense ratio.  Overview and fact sheet (pdf). Direxion . . . → Read More: Direxion Adds Materials, Health, and Total Market ETFs