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Direxion continues leveraged trend with real estate ETFs

Direxion has launched two new exchange-traded funds (ETFs) which give three times leveraged exposure to the MSCI US Real Estate Index. The Direxion Daily Real Estate Bull 3x Shares offers 300% of the daily upside performance of the index, whereas the Real Estate Bear offers 300% of the downside.

    • Sophia Morrell
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The funds have been listed on the Arca platform of the New York Stock Exchange (NYSE). Long and short leveraged funds have recently come under fire following revelations that while the products closely track daily index performance, longer term fund and index performance can be widely deviated.

Subsequently, NYSE warns investors that the compounding of daily returns means that any returns for periods longer than one day are likely to differ from the stated target, and advises that holdings

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