Financial Times columnist David Stevenson writes about new ETFs from Direxion in his article Innovative US ETFs.
The two that stand out from Stevenson’s perspective are the Direxion Energy Bull 3x (ERX) and the Direxion Emerging Markets Bull 3x (EDC). ERX tracks the Russell 1000 Energy Index and EDC tracks the MSCI Emerging Markets Index.
Both funds offer three times the returns of the underlying index.
Stevenson believes that once volatility dies down and the market begins an uptrend from a low point, the Bull shares could deliver spectacular long term returns.