Direxion Details Three Non-Leveraged ETFs

Direxion, the Boston-based ETF issuer best known for its suite of 3x and -3x products, continues to expand its platform to include non-leveraged ETFs. The firm has already rolled out a non-leveraged airline ETF (FLYX), and earlier this year detailed plans for a suite of targeted Indian equity funds. And in a recent SEC filing, Direxion shed some light on plans for additional ETF offerings, including one that seeks to offer equal-weight exposure to the Nasdaq-100 Index and a unique product designed to shift exposure between the equities that make up the Nasdaq and low risk cash based on volatility. The proposed ETFs include: Direxion Wireless Communications Shares: This ETF would track the Dow Jones Global Mobile Communications Index, a global benchmark that is comprised of large cap companies involved in some aspect of the design, distribution, manufacturer and sale of mobile communication hardware or services. The index consists of [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Pipeline Grows: More Hedge Fund Products, VIX ETNs In The Works Barclays Rolls Out New ETN: S&P 500…With A Twist Daily ETF Roundup: XLF Plunges On Weak Data, VXX Surges On Shaky Market Fundamentals Daily ETF Roundup: UNG Surges On Warm Weather, VXX Tumbles On Rising Market ETF Insider: Weak Dollar Creates Opportunities