Direxion has launched two leveraged exchange-traded funds that track Japanese equity market performance.
The Direxion Daily Japan Bull 3X Shares (JPNL) is benchmarked to the MSCI Daily TR Net Japan USD Index and the Direxion Daily Japan Bear 3X Shares (JPNS) is benchmarked to the MSCI Daily TR Net Japan USD Index.
We see great demand for liquid exposure to Japan, stated 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.
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