The Direxion Monthly Nasdaq-100 Bear 1.25X Fund (DXNSX) seeks monthly investment results of 125% of the inverse of the performance of the Nasdaq-100.
“We continue to seek ways for investors to gain exposure to different indexes and asset classes that allow them to utilize various leverage points,” said Ed Egilinsky, managing director at Direxion.
Direxion warns that the new funds are intended for active, educated investors.
Goldman Sachs Adds To ActiveBeta ETF Suite
New York-based Goldman Sachs Asset Management has expanded its ActiveBeta suite of ETFs with two new funds.
The Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and the Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) will trade on the New York Stock Exchange.
“We see continued investor interest in our existing ActiveBeta ETFs, and with the launch of GSEU and GSJY, we are even better equipped to deliver investors diversified core exposure to these key markets,” said Michael Crinieri, GSAM’s global head of ETF strategies.
The funds attempt to provide additional exposure to developed-market equities by tracking Goldman Sachs’ proprietary
ActiveBeta indices. Both funds carry a 25 basis point expense ratio.
Nationwide Announces Emerging Market Bond Debt Fund
Columbus, Ohio-based Nationwide has introduced a new international fixed-income mutual fund.