The Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG) seeks to achieve daily investment results, before fees and expenses, of 300 percent of the performance of the Market Vectors™ Junior Gold Miners Index. The Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST) seeks daily investment results, before fees and expenses, of 300 percent of the inverse of the performance of the Market Vectors Junior Gold Miners Index.
The index is a market-capitalization-weighted total return index. It covers the largest and most liquid small-cap companies that derive at least 50 percent of their revenue from gold or silver mining, or have properties that do so. The composite includes companies based in the U.S. and other markets, including Australia, Canada and Singapore. As of Sept. 15, 2013, the index had average and median market capitalizations of $362.46 million and $294.74 million, respectively.
“At a time when a growing number of investors are expressing interest in exposure to companies engaged in the exploration and production of gold, we are offering liquid exposure to this sector with the benefit of added leverage,” said Eric Falkeis, President of Direxion. “These two Funds are designed for traders that wish to take a bullish or bearish stance on the gold-mining industry.”
The ETFs do not attempt to meet their investment goals for periods longer than one day. There is no guarantee that their objectives will be met.(...)Click here to continue reading the original ETFDailyNews.com article: Direxion Launches Leveraged and Inverse Junior Gold Miners ETFsYou are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
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- Direxion To Begin Trading The Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca:JDST)
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- Direxion Launches Two New Leveraged Bear ETFs
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