Direxion Investments Launches First Currency Hedged 2X Leveraged ETFs

NEW YORK, June 10, 2015 /PRNewswire/ -- Direxion Investments announces the launch of two new leveraged exchange-traded funds (ETFs).

The Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares (Ticker: HEGE) seeks to achieve 200% of the daily performance of the MSCI Europe U.S. Dollar Hedged Index. The index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI Europe Index, to the U.S. dollar, the "home" currency for the hedged index. The Direxion Daily MSCI Japan Currency Hedged Bull 2X Shares (Ticker: HEGJ) seeks to achieve 200% of the daily performance of the MSCI Japan U.S. Dollar Hedged Index. The index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI Japan Index, to the U.S. dollar, the "home" currency for the hedged index.

"Our interaction with clients tells us that there is a significant demand for magnified market exposure to currency-hedging equity strategies," said Brian Jacobs, President of Direxion Investments. "With the U.S. dollar continuing to demonstrate strength against rival developed-market currencies, mitigating currency risk is a key concern for traders focused on international markets."

Like all leveraged ETFs, these Direxion products are 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 the Funds will meet their objectives. 

About Direxion Investments

Direxion Investments offers highly liquid, tactical and strategic institutional-quality ETFs and mutual funds for investors seeking to solve for better investment outcomes. Founded in 1997, the company has approximately $9.4 billion in assets under management as of March 31, 2015. 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 sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Due to the daily nature of the leverage employed, there is no guarantee of amplified long-term 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.

*The Net Expense Ratio of the Fund includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. The Fund's Advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Fund, under which 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, 2016 to the extent that the Fund's Total Annual Fund Operating Expenses exceed 0.95%.

Risks:

An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase 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 Funds do not attempt to, and should not be expected to; provide returns which are a multiple of the return of their Indexes for periods other than a single day. Utilizing foreign currency forward contracts to hedge foreign currency positions does not eliminate the impact of the movements in the value of non-U.S. currencies and securities but rather establishes a fixed rate of exchange for a future point in time. Exchange rates can be volatile and may change quickly and unpredictably in response to both global and economic conditions in a geographic region. For other risks including leverage, correlation, compounding, market volatility, shorting for the Bear Funds, and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

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