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The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index. The fund creates long positions by investing at least 80% of net assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.
The NYSE Arca Gold Miners Index is comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. One cannot invest in an index.
Index Country Weightings
|Canada ||63.45% |
|United States ||15.48% |
|South Africa ||12.67% |
|Peru ||4.82% |
|Jersey ||3.58% |
Data as of 03/31/2012 is subject to change at any time
- ^ The weightings above are updated infrequently. See NYSE Arca Gold BUGS Index the for the current composition weighting.
Adjustments are made quarterly after the close of trading on the third Friday of March, June, September, and December so that each component stock represents its assigned weight in the index.
The HUI-gold ratio is an expression which compares the relative quantities of the Amex Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the Amex Gold BUGS Index by the price of gold.
Investors use the HUI-gold ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold.
Why Direxion Matters
You're in, and you're out. You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.
Whether you're a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:
- Magnify your short-term perspective with daily 2x and 3x leverage
- Go where there's opportunity, with bull and bear funds for both sides of the trade; and
- Stay agile - with liquidity to trade through rapidly changing markets
The Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over a longer period of time.