The ETF world is entering the summer slowdown, a time when trading volumes recede and ETF launches taper off for a few months. But that did not stop two issuers from collectively debuting five new products this week, as investors now have a handful of new funds to chew on. Direxion launched a leveraged product focusing on equities yesterday, while iShares is rolling out four new fixed income ETFs during today’s trading [for more ETF news and analysis subscribe to our free ETF Daily Roundup].
Direxion’s S&P Bull Fund
Known for its large suite of leveraged and inverse products, Direxion debuted a 200% leveraged product yesterday, the Daily S&P 500 Bull 2x Shares (SPUU). SPUU is just the third ETF to offer such exposure to the S&P 500, as it will compete with its predecessors, SSO and RSU.
iShares Focused on Interest Rates
- Interest Rate Hedged Corporate Bond ETF (LQDH): This fund will feature active management, holding the popular LQD fund and short positions in Treasury futures to help mitigate interest rate risk.
- Interest Rate Hedged High Yield Bond ETF (HYGH): HYGH employs an identical strategy to LQDH, but instead holds HYG along with short positions in Treasury futures.
- Dec 2018 Corporate Term ETF (IBDH): This product will use a target expiration date strategy to invest in corporate bonds that mature in 2018.
- Dec 2016 Corporate Term ETF (IBDF): Features identical exposure to IBDH, but instead invests in bonds that will expire in 2016.
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Disclosure: No positions at time of writing.