NEW YORK, Nov. 4, 2016 /PRNewswire/ -- Direxion is changing the benchmark index of the Direxion Daily India Bull 3X Shares, resulting in a name change to the Direxion Daily MSCI India Bull 3X Shares. The modification will take effect on January 03, 2017.
The changes are summarized as follows:
Current Fund Name
New Fund Name
Direxion Daily India Bull 3X Shares
Indus India Index
Direxion Daily MSCI India Bull 3X Shares
MSCI India Index
"We are very pleased to expand our relationship with MSCI, whose world indices have long been among the leaders in the industry," said Sylvia Jablonski, Managing Director at Direxion. "The MSCI India Index provides our investors with the most recognizable exposure to the mid- and large-cap Indian equity markets."
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 the Fund will meet its objective.
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 $10.9 billion in assets under management as of September 30, 2016. 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.
An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund 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, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of its underlying index for periods other than a single day. Risks of the Fund include Daily Index correlation Risk, Leverage Risk, Compounding and Market Volatility Risk and risks specific to Indian securities, such as Technology and Telecommunications Risk, Consumer Staples Risk, Emerging Markets Risk, Financial Services Risk, Industrial Sector Risk and Healthcare Sector Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund.