“Our new 1x bear funds provide investors with an inverse play on interest rates,” said Dan O’Neill, president of Direxion. “Investors now have the option to offset rate movements with 100% inverse exposure with the 1x bear funds. We also continue to offer exposure of 300% with our 3x 7-10 Year and 20-Year Plus Treasury bull and bear funds. They can also pursue broader inverse exposure to bonds through the Daily Total Bond Market Bear ETF. With rising concern from investors about hedging fixed income positions in their portfolios, we think these funds are timely.”
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Advisor360° names former MassMutual exec Mike Fanning as its new CEO
April 23 -
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
April 23 -
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
April 23 -
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
April 23 -
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
April 23 -
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
April 23