Direxion has added two new leveraged inverse products to its repertoire. The Direxion Daily Brazil Bear 3x Shares (BRZS) seeks to capture 300% of the inverse performance of the MSCI Brazil 25/50 Index.
The Direxion Daily South Korea Bear 3x Shares (KORZ) seeks to capture 300% of the inverse performance of the MSCI Korea 25/50 Index.
“Brazil and South Korea are emerging markets with many successful commodity, technology and automobile companies. By complementing the newly launched bull funds, with this pair of 3x bear products, Direxion is allowing investors to trade through these rapidly changing markets, with tools for both sides of the trade,” said Eric Falkeis, President of Direxion in the release.
Both funds carry a price tag of 100 bps, according to the prospectus.