Direxion Indexed Managed Futures Strategy Fund Surpasses $100 Million In Assets Under Management

NEW YORK, July 18, 2013 /PRNewswire/ -- Direxion, a leader in alternative investment solutions, announces that the Direxion Indexed Managed Futures Strategy Fund (DXMAX) has obtained more than $100 million in assets under management since its inception in February 2012, further strengthening the firm as a premier provider of alternative investment strategies.

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The Direxion Indexed Managed Futures Strategy Fund offers a rules-based approach to managed futures investing. It seeks investment results, before fees and expenses, which are comparable to the performance of the Auspice Managed Futures ER Index, a long/short managed futures index. The Fund provides exposure to 21 futures markets, including commodities, interest rates and currencies, in a cost-efficient way that does not have additional underlying manager or incentive fees. Unlike other managed futures funds, it does not invest in equity futures, a feature which provides additional diversification.

"Asset inflows to managed futures are expected to increase over the next several years as investors continue to experience difficulty achieving diversification by investing in traditional asset classes," said Edward Egilinsky, Managing Director and Head of Alternative Investments at Direxion. "The rules-based and low-cost approach¹ Direxion takes to provide exposure to managed futures is indicative of our commitment to deliver opportunistic alternative strategies that meet the targeted needs of advisors and investors through varying market conditions."

The Fund, which is available on most major broker-dealer platforms, tracks the index that focuses on shorter-term price trends to determine whether to hold long or short positions on individual components. The Fund's strategy also includes embedded risk controls and a smart roll yield².     

"The fact that this Fund has been able to reach this asset milestone in a relatively short period of time is a testament to the growing number of advisors that see value in our strategy as a complement to other managed futures funds," said Mr. Egilinsky. "Our Fund's unique attributes provide exposure to the managed futures asset class in a compelling way. Advisors are constantly looking for liquid alternative strategies that can potentially mitigate overall risk within their clients' portfolios to smooth out the ride. Managed futures, over time, have shown the ability to provide this."         

For more information about Direxion, please contact James Doyle at 973-850-7308 or [email protected].

About Direxion
Direxion Funds and Direxion Shares, managed by Rafferty Asset Management, LLC, offer leveraged index funds, ETFs and alternative-class fund products for investment advisors and sophisticated investors who seek to effectively manage risk and return in both bull and bear markets. Founded in 1997, the company has approximately $6.9 billion in assets under management as of 6/30/13. The company's business model is built on continuous product innovation, exceptional customer service and a commitment to building strategic relationships with distribution partners. For more information, please visit www.direxionfunds.com.

¹The maximum sales charge for this fund is on the A share, where up to a 5.50% front load can be applied.  Performance of the fund could be reduced when the maximum sales charge is applied.  Please check with your advisor for additional details.

²Smart Contract Roll Approach – A futures contract roll approach designed to select cost effective futures contracts to roll into upon expiration of current contract.

An investor should consider the investment objectives, risks, charges, and expenses of the Direxion Funds carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Funds. To obtain a prospectus or summary prospectus, please contact the Direxion Funds at 800.851.0511. The prospectus or summary prospectus should be read carefully before investing.

Risks:
Investing in funds that invest in specific industries or geographic regions may be more volatile than investing in broadly diversified funds.   The principal risks of investing in the Direxion Indexed Managed Futures Strategy Fund are Active and Frequent Trading Risk, Adverse Market Conditions Risk, Agriculture Investment Risk, Commodity Linked Derivatives Risk, Counterparty Risk, Credit Risk, Currency Exchange Rate Risk, Currency investment Risk, Debt instrument Risk, Derivatives Risk, Emerging Markets Risk, Energy Investment Risk, Foreign Securities Risk, Futures Contracts Risk, Interest Rate Risk, Leverage Risk, Market Risk, Non-Diversification Risk, Other Investment Companies (including Exchange-Traded Funds) Risk, Precious Metals Investment Risk, Regulatory Risk, Sector Risk, Shorting Securities Risk which can result in unlimited losses, Subsidiary Investment Risk, Tax Risk, Tracking Error Risk, and Volatility Risk.

Auspice Capital Advisors Ltd. is a registered Portfolio Manager / Investment Fund Manager in Canada and a registered Commodity Trading Advisor (CTA/CPO) and National Futures Association (NFA) member in the US.

Distributor: Rafferty Capital Markets, LLC.

SOURCE Direxion