NEW YORK, July 1, 2015 /PRNewswire/ -- Direxion Investments announced today that the Direxion Value Line® Small- and Mid-Cap High Dividend ETF (Ticker: VLSM) is the sixth of its Strategic Beta ETFs now available through Schwab ETF OneSource™, Charles Schwab & Co.'s commission-free* ETF program.
Direxion Strategic Beta ETFs allow investors to potentially enhance their portfolios with the best characteristics of both active management and passive indexing. Please visit direxioninvestments.com/schwabetfonesource to learn more about the Direxion Strategic Beta ETFs available through the Schwab ETF OneSource platform.
"Generations of investors have depended on Value Line's high-quality research to make investment decisions. We're glad to team up with Value Line and Schwab to offer investors a transparent, liquid and cost-effective way to benefit from their time-tested research," said Brian Jacobs, President of Direxion Investments. "VLSM gives income-oriented investors the ability to utilize Value Line's popular ranking systems to potentially improve their risk-adjusted returns. And now that they can obtain access to VLSM through Schwab ETF OneSource, with no trading commissions, the value is even greater."
Schwab ETF OneSource enables investors to access a large selection of ETFs without having to pay trading commissions and early redemption fees, or meet enrollment requirements. Schwab announced on July 1st that it has added VLSM to the program, which already includes the following ETFs from Direxion Investments:
- Direxion All Cap Insider Sentiment Shares (KNOW)
- Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
- Direxion S&P 500 Index Volatility Response Shares (VSPY)
- Direxion Zacks MLP High Income Shares (ZMLP)
- Direxion iBillionaire Index ETF (IBLN)
"We're excited to be able to expand this program to meet growing investor demand for strategic beta ETFs," said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. "The addition of VLSM to the Direxion Strategic Beta ETFs available through Schwab ETF OneSource helps us offer the choice and value our clients expect from Schwab."
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 $10 billion in assets under management as of June 30, 2015. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.
About Value Line
For more than 80 years, Value Line has been a top provider of independent investment-related information and quantitative investment products for individual and institutional investors, with a reputation for high-quality, cost-effective research and data. We deliver to our clients timely, accurate, and unbiased information in a format that integrates fundamental equity research with quantitative disciplines. Our focus on operating numbers and the quantitative expertise of our analysts can save hours of work in identifying and examining interesting stock, mutual fund, option, convertible, and ETF opportunities. For more information, please visit www.valueline.com.
*Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab Pricing Guide for additional information.
There is no guarantee that the funds will achieve their objectives.
For more information on all Direxion ETFs, go to www.direxioninvestments.com, or call us at 866.476.7523.
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.
Investing in each Fund may be more volatile than investing in a broadly diversified fund. The use of leverage by each Fund increases the risk to the Fund. The Funds 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 investment. The Funds are not designed to track their underlying index over a longer period of time.
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 Fund does not attempt to, and should not be expected to; provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including leverage, correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.
Distributor: Foreside Fund Services, LLC.
CONTACT: James Doyle
SOURCE Direxion Investments