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FLYX

The third quarter got off to a sizzling start in the ETF industry; a surge in asset prices boosted asset levels significantly after two months of freefalls, and the product development activity remained strong after a busy month of September. Close to 30 new products began trading last month, including many first-to-market ideas that have opened up new asset classes and investment strategies. October additions to the ETF lineup are highlighted below. [click to continue…]

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Direxion, the company best known for its suite of leveraged and inverse ETFs, began the process of shutting down one of its few non-leveraged funds, the Airlines Shares ETF (FLYX) earlier this week, citing a lack of assets as the main culprit for the fund’s demise. The fund stopped trading on October 10th and over the next week the product will liquidate its portfolio of airline stocks before paying out to investors after that.  The fund never really caught on with investors as the product had assets of less than $3 million and saw volume of roughly 800 shares a day over the past three months. Furthermore, at a 0.55% expense ratio, the product only generated a meager $16,500 for the company in fees, hardly enough to turn a profit for the ETF issuer. [click to continue…]

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Although Hurricane Irene wasn’t nearly as devastating as some had feared, the storm did knock out power to millions and ground thousands of flights across the Northeast. Yet, the worst of the storm now appears to be over as flights are returning to the skies in major airports in New York, Washington D.C., and Boston, suggesting that […]

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While reports of jobless rates in the U.S. or the pace of inflation in China occasionally pop to the top of the headlines, the last several months have seen the spotlight focused on European markets as the continent continues to battle a debt crisis that has threatened to derail a fragile economic recovery. While the […]

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Buying Opportunities After Panic Selling

by on May 22, 2011 | Updated December 6, 2017

Weekly Recap Last week proved to be quite bumpy for investors, as asset classes from stocks to commodities–and everything in between–swayed between gains and losses for the last several trading days on Wall Street. Volatility was  abundant across all markets and domestic equity indexes ended the week relatively flat, much like crude oil and silver […]

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Direxion, one of the largest issuers of 2x and 3x leveraged ETFs, announced the launch of three products offering daily inverse exposure to fixed income benchmarks. The new -1x Direxion ETFs include:

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Exchange-traded products were first introduced over two decades ago to give investors alternative options to high cost mutual funds. Since then, the industry has grown exponentially, with assets now over $1 trillion, and the total number of ETPs on the market eclipsing the 1,100 mark with new funds debuting all the time. But now that […]

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December continued the impressive wave of product innovation that has become expected of the ETF industry. Various issuers introduced first-to-market products and continued the impressive expansion of the exchange-traded product pipeline. After starting with a flurry of activity, product launches slowed in the second half of the month leading up to the holiday season. Still, […]

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This past year the ETF industry picked up steam, as total assets in exchange-traded products reached $1 trillion for the first time. As ETFs continued their impressive growth, issuers have continued to provide innovative products to the market in order to meet ever-increasing demand. This past year saw the inception of a number of unique […]

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The month of November was incredibly active inside the ETF space. In particular, the last week of the month and the beginning of December saw the introduction of over two dozen new funds. Among these were a number of VIX based ETFs that have been surging in popularity with investors. Along with funds that have […]

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Direxion, a leading provider of both 2x and 3x leveraged ETFs, rolled out three new additions to its product line on Wednesday. In addition to a paired offering of 2x leveraged ETFs delivering amplified exposure to gold miners, Direxion also debuted its first non-leveraged product. The Direxion Airline Shares ETF (FLYX) will seek to replicate […]

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