Direxion Unveils Tidal Wave Of ETF Proposals

The month of November was incredibly active inside the ETF space. In particular, the last week of the month and the beginning of December saw the introduction of over two dozen new funds. Among these were a number of VIX based ETFs that have been surging in popularity with investors. Along with funds that have hit the market, there has been a wave of filings for new funds to expand upon the current crop of over 1,100+ ETFs that are available to investors [see also Recapping A Wild Week In The ETF World]. One of the lengthier recent filings the industry has seen in this time period came from Direxion. Founded in 1997, Direxion specializes in leveraged funds and was the first firm to bring 3X products to market back in 2008. In fact, the company started off with only leveraged products, but has moved into ‘plain-vanilla’ 1x bull products in [...] Click here to read the original article on ETFdb.com. Related Stories: Direxion Brings 3x Leveraged ETFs To Europe Direxion ETFs To Undergo Reverse Split Direxion Planning 11 New Leveraged Currency, Commodity ETFs