Direxion Launches 3X Leveraged ETF on EURO STOXX 50® Index

NEW YORK, July 12, 2017 /PRNewswire/ -- Direxion has launched the Direxion Daily EURO STOXX 50^® Bull 3X Shares (Ticker: EUXL). The Fund seeks to achieve 300% of the daily performance of the EURO STOXX 50^® Index. The index covers 50 blue-chip stocks from 11 Eurozone countries.

"The outlook for European equities has turned bullish, with growing interest from traders," said Sylvia Jablonski, Managing Director at Direxion. "As political risks dissipate following the results of the French elections, the Eurozone economy strengthens and prospects for earnings improve, this may offer active traders exposure to a highly reputable index tracking 50 of the largest and most liquid blue-chip European stocks." 

Like all leveraged ETFs, this Direxion product is intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee that this Fund will meet its objective.

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $12.1 billion in assets under management as of June 30, 2017. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.

There is no guarantee that the Funds will achieve their objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866.476.7523.

The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

* Rafferty Asset Management, LLC ("Rafferty" or the "Adviser") has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2018, to the extent that the Fund's Total Annual Fund Operating Expenses exceed 0.95% of the Fund's daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses).

Risks:

An investment in the ETF involves risk, including the possible loss of principal. The ETF is non-diversified and includes risks associated with the ETF concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. The ETF does not attempt to, and should not be expected to, provide returns which are three times the performance of its underlying index for periods other than a single day. Risks of the ETF include Effects of Compounding and Market Volatility Risk, Leverage Risk, Counterparty Risk, Intra-Day Investment Risk, Daily Index Correlation/Tracking Risk, Other Investment Companies (including ETFs) Risk, risks specific to European securities, such as European Economic Risk, and risks specific to the Banking industry.  Please see the summary and full prospectuses for a more complete description of these and other risks of the ETF.

Distributor: Foreside Fund Services, LLC.

CONTACT:   
James Doyle
JConnelly
973.850.7308
[email protected]

SOURCE Direxion