The new ETFs are leveraged Bull and Bear funds
that seek 200% of the daily performance, or 200% of the inverse of the daily performance (before fees and expenses), of the NYSE Arca Gold Miners Index ("Index").
The new ETFs include: Bull and Bear funds
that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses) of the S&P Materials Select Sector Index; Bull and Bear index funds that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses) of the S&P Healthcare Select Sector Index; and a Bear index fund that seeks 100% of the inverse of the daily performance of the MSCI US Broad Market Index (before fees and expenses).
The indictments are expected to cite a personal email sent by one manager to the other that appeared to suggest the Bear funds
were in difficulty, days before one of the managers told investors that he was comfortable with the holdings, according to the Wall Street Journal.
3%, bear funds
were the top-performing fund category, according to Morningstar.
Direxion's Launch of Leveraged Bull and Bear Funds
Marks a First for Russell Global Sectors
For other risks including leverage, correlation, compounding, market volatility, shorting for the Bear Funds
, and specific risks regarding each sector, please read the prospectus.
He has worked on the Prudent Bear funds
in various capacities for more than 10 years and has more than 20 years of fund-management experience.
The ETFs are leveraged Bull and Bear funds
that seek 300% of the daily performance, or 300% of the inverse of the daily performance (before fees and expenses), of the MSCI Emerging Markets Index, the Russell 1000 Index and the Russell 1000 Financial Services Index.
Fund Name Symbol Benchmark Leverage Bull Funds Direxion Daily BRIC Bull 2x Shares BRIL BNY Mellon BRIC Select ADR Index 200% Direxion Daily India Bull 2x Shares INDL Indus India Index 200% Direxion Daily Semiconductor Bull 3x Shares SOXL PHLX Semiconductor Sector Index 300% Bear Funds
Direxion Daily BRIC Bear 2x Shares BRIS BNY Mellon BRIC Select ADR Index -200% Direxion Daily India Bear 2x Shares INDZ Indus India Index -200% Direxion Daily Semiconductor Bear 3x Shares SOXS PHLX Semiconductor Sector Index -300%
In addition, the Prudent Bear funds
will be distributed through the deep network of financial intermediaries with whom Federated has existing relationships.
Combined, the Bear Funds
had investor capital of about $1.
Portfolio Manager Guest: David Tice, Prudent Bear Funds
Show host: Francis Gaskins LISTEN TO INTERVIEW: http://www.