Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.
The Direxion Daily Brazil Bull 3x Shares seeks to replicate, gross fees and expenses, 300% of the performance of the MSCI Brazil 25/50 Index. The MSCI Brazil 25/50 Index measures the equity market performance of mid- and large-cap Brazilian companies. Similarly, the Direxion Daily South Korea Bull 3x Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI South Korea 25/50 Index. The MSCI South Korea 25/50 Index measures the equity market performance of mid- and large-cap South Korean companies.
Brazil and South Korea are emerging markets with many successful commodity, technology and automobile companies," stated Eric Falkeis, newly-minted president of Direxion. "Direxion is allowing investors to not only obtain more surgical exposure to these booming economies, but also to leverage their performance through innovative investment products.