Direxion Shares has just launched six leveraged long/short ETFs linked to emerging markets and semiconductor stocks. The funds use leverage, meaning they're intended to deliver magnified performance.
The Direxion Daily BRIC Bull 2x Shares (BRIL) aims to deliver 200 percent daily leverage to BRIC securities. BRIC is an acronym used to identify Brazil, Russia, India and China.
In 2009, ETFs linked to BRIC stocks like the iShares MSCI BRIC Index Fund (BKF) climbed around 90 percent in value. The opposite trade of BRIL is the Direxion Daily BRIC Bear 2x Shares (BRIS). BRIS attempts to achieve 200 percent daily inverse performance to BRIC stocks.
Both BRIL and BRIS use the BNY Mellon BRIC Select ADR Index as a benchmark.
The Direxion Daily India Bull 2x Shares (INDL) targets stocks from India aiming for 200 percent daily leverage. The Direxion Daily India Bear 2x Shares (INDZ) aims for just the opposite – 200 percent daily inverse performance to equities from India.
Both INDL and INDZ are linked to the Indus India Index.
