Direxion has launched three new international funds. The China Bull 2x Fund, the China Bear 2x Fund, and the Latin America Bear 2x Fund were launched today. Direxion now offers 27 leveraged index mutual funds.

Direxion Funds, a leading provider of leveraged index mutual funds, announced today that it has launched three new international funds: the China Bull 2x Fund (DXHLX), the China Bear 2x Fund (DXHLX), and the Latin America Bear 2x Fund (DXZSX).

�We�ve had success with our other international products, including the Direxion Latin America Bull 2x Fund (DXZLX),� said Dan O�Neil, Direxion�s Chief Investment Officer. �Advisors and other sophisticated investors we serve are actively seeking opportunities in international markets. With our funds, they can act on their points of view about various global economies.�

Direxion now offers 27 leveraged index mutual funds representing a range of U.S. and international equity classes, currencies, and fixed income sectors. The funds are offered through a variety of brokerage platforms, including Fidelity, Schwab, Pershing, TD Ameritrade, and Linsco Private Ledger, and are geared primarily to financial advisors.

The China Bull 2x Fund seeks daily investment results, before fees and expenses, of 200% of the price performance of the FTSE/Xinhua China 25 Index. The China Bear 2x Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the price performance of the FTSE/Xinhua China 25 Index. The FTSE/Xinhua China 25 Index consists of 25 of the largest and most liquid companies available to international investors traded on the Hong Kong Stock Exchange. The Index is weighted based on the total market value of each company so that companies with higher total market values generally have a higher representation in the Index.

The Latin America Bear 2x Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the price performance of the S&P� Latin America 40 Index. The S&P Latin America 40 Index includes highly liquid securities from major economic sectors of the Mexican and South American equity markets. Companies from Mexico, Brazil, Argentina, and Chile are represented in this index, which represents approximately 70% of each country�s market capitalization. At least 80% of the net assets of the Latin America 2x Bear Fund are invested in the equity securities that comprise the S&P Latin America Index and/or financial instruments that, in combination, provide leveraged exposure to this index by creating short positions.

Mr. O�Neill noted that Direxion provides a suite of analysis tools, implementation models, and educational papers for advisors on the company website. �Key to using leveraged index mutual funds successfully is to understand how these funds work and in what situations to use them,� Mr. O�Neill stressed. �Direxion�s funds are designed to complement, not replace, core investment holdings.�

About Direxion Funds:

Direxion Funds (formerly Potomac Funds), managed by Rafferty Asset Management, LLC, is a major provider of leveraged index and alternative-class mutual fund products for investment advisors and sophisticated investors who seek to effectively manage risk and return in both bull and bear markets. Founded in 1997, the company has approximately $1.5 billion in assets under management. The company�s business model is built on continuous product innovation, exceptional customer service and a commitment to building strategic relationships with a focused group of distribution partners. For more information, please visit: www.direxionfunds.com.

Edited by: Erin Kello

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE