Tuesday, 2 September 2014
Last updated 3 days ago
Jun 26 2013 | 8:27am ET
Alternative investment specialist Direxion has launched 'bull' and 'bear' leveraged exchange-traded funds tracking the Japanese equity market.
The firm's Daily Japan Bull 3X Shares seeks to generate 300% of the performance of the MSCI Daily TR Net Japan USD Index daily while the Daily Japan Bear 3X Shares attempts to achieve 300% of the inverse of that index's performance daily. (Both figures are before fees and expenses.)
The index is tied to the MSCI Japan Index, a free-float adjusted index designed to track the performance of Japanese company stocks listed on the Tokyo Stock Exchange, Osaka Stock Exchange, Nagoya Stock Exchange and JASDAQ.
Direxion said the Japanese economy experienced a surge in investor interest following the election of Prime Minister Shinzo Abe in December 2012, but some investors have resumed their cautious outlook on Japan.
“We conduct market analysis on a constant basis to identify new opportunities in various regions and sectors for investors who have confidence about the direction of those markets. We see great demand for liquid exposure to Japan,” said Eric Falkeis, president of Direxion. “With these new 3X bull and bear funds, Direxion is excited to be able to allow investors to express an opinion on the economic dynamics taking place that are affecting the Japanese equity market.”
The ETFs do not attempt to meet their investment goals over periods longer than one day, and there is no guarantee that their objectives will be met.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...