Direxion on Wednesday announced the launch of five leveraged exchange-traded funds it says captures some of the policy changes coming from the Trump administration.
The five index tracking funds comprise the following:
• Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)
• Direxion Daily Industrials Bull 3X Shares (DUSL)
• Direxion Daily MSCI Mexico Bull 3X Shares (MEXX)
• Direxion Daily Transportation Bull 3X Shares (TPOR)
• Direxion Daily Utilities Bull 3X Shares (UTSL)
All five funds have a net expense ratio of 0.95 percent.
“With the new administration in Washington comes new policies that have the potential to affect the capital markets landscape,” said Sylvia Jablonski, managing director at Direxion, in a press release. “We aim to provide traders with ways to capitalize on opportunities created by those new policies.”
Based in New York City, Direxion offers more than 75 leveraged and inverse ETFs.