SPDR S&P 500 (SPY): Foot 3x ETFs coming soon... (Woohoo!)...

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Re: Footquarters post# 49386

Sunday, 05/11/2008 2:00:23 PM

Sunday, May 11, 2008 2:00:23 PM

Foot 3x ETFs coming soon... (Woohoo!)

By Matthew Hougan

NEW FILINGS

Direxion Looks To Be A Triple Threat

Direxion Funds is looking to enter the ETF industry with a boom. The firm has filed with the SEC to create 36 new leveraged and inverse ETFs. Sounds like ProShares, right? Well, kind of, except the 18 “Bull” funds will attempt to capture THREE times the daily return of their underlying indexes, while the 18 “Bear” funds will attempt to capture THREE times the inverse of the daily return of their underlying indexes. By contrast, the popular ProShares ETFs aim to deliver just 2X the performance.

http://biz.yahoo.com/seekingalpha/080505/75593_id.html?.v=1

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29180117

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