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TWOZ

The first 29 days of November were relatively quiet from a product development perspective, with only a handful of new exchange-traded products hitting the market. But that all changed on the final day of the month, when iPath debuted a new breed of leveraged ETNs and newcomer VelocityShares rolled out six products linked to VIX-related indexes. Both November 30 launches highlighted ongoing trends in the ETF industry; exchange-traded notes continue to gain traction as investors become more comfortable with the inherent credit risk, while options for exposure to equity market volatility continue to multiply. [click to continue…]

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Direxion, one of the largest providers of leveraged ETFs, has been extremely active on the product development front in 2010, rolling out a number of products that offer investors an opportunity to double down (or triple down) on various asset classes. But the company’s product line will shrink a bit in coming weeks, as firm has announced that it will close down the Daily 2-Year Treasury Bull 3x Shares (TWOL) and the Direxion Daily 2-Year Treasury Bear 3x Shares (TWOZ). The closure was recommended by Rafferty Asset Management, the adviser for the Direxion Shares ETF Trust. [click to continue…]

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The ETF industry came flying out of the gates in January with more than two dozen new product launches and several more new product filings. Although the pace slowed a bit in February, the ETF universe continues to expand at an impressive rate, keeping 2010 on track to be the most active in the history […]

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Direxion announced the expansion of its fixed income product line on Thursday with the launch of two leveraged ETFs targeting a short-term Treasury index. The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a benchmark that consists of the most […]

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