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To say the least, the world economy has had a bumpy ride since the onslaught of the unprecedented financial crisis that rocked the world in 2008. Despite several glimmers of hope in the U.S.’s ability to bounce back, Euro Zone drama continues to take center stage as their seemingly never-ending and rather cyclical debt crisis continues to fester. It is no surprise that with the rather grim economic outlook for Europe, there is no shortage of bearish sentiment among investors surrounding European markets [see also Five ETFs For A China Bank Bubble]. [click to continue…]

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Direxion, one of the leading issuers of leveraged ETFs, announced reverse splits for six of its 3x bear funds. Five of the leveraged products will undergo 1-for-5 reverse splits for shareholders of record after the close of the markets on Wednesday, Feb. 23, 2011:

  • Daily Financial Bear 3x Shares (FAZ)
  • Daily Large Cap Bear 3x Shares (BGZ)
  • Daily Mid Cap Bear 3x Shares (MWN)
  • Daily Developed Markets Bear 3x Shares (DPK)
  • Daily Semiconductor Bear 3x Shares (SOXS)

Additionally, the Daily Small Cap Bear 3x Shares (TZA) will undergo a reverse 1-for-3 split. Each of the six ETFs will be assigned a new CUSIP following the reverse splits.

Disclosure: No positions at time of writing.

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The last month has been a wild one on Wall Street and on stock exchanges around the world. Europe’s fiscal woes have rippled throughout global equity markets, as concerns over the impact of a “euro drag” on global growth have intensified. The recent “flash crash” shook confidence in major exchanges, while plummeting commodity prices have […]

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ProShares Plans 300% Leveraged ETFs

by on February 8, 2010 | Updated February 11, 2010

ProShares, the issuer responsible for pioneering leveraged and inverse ETFs, has filed prospectuses for 16 new funds. Expansion is nothing new for ProShares–the company has launched a handful of new ETFs over the last year–but the filing was interesting because it detailed plans for 300% leveraged ETFs. ProShares’ current product line, which consists of more […]

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In the week during which the Obama administration will unveil details surrounding its plan to revamp the regulation of the U.S. financial sector, calls for increased oversight of the ETF industry are picking up steam as well. Scott Burns, director of ETF Analysis at Morningstar, recently laid out a case for increased regulatory requirements for ETFs […]

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