Direxion May Launch Equal-Weight Nasdaq ETF
Source: http://feeds.benzinga.com/~r/benzinga/etfs/~3/loWss3Cc-tM/direxion-may-launch-equal-weight-nasdaq-etfPosted on Monday, June 13th, 2011 | In Current Market News, Exchange Traded Funds
Contributed by: ETF Professor (http://www.benzinga.com) -
Direxion, the ETF issuer most known for its leverage and inverse offerings, updated a 2010 filing that included plans for three sector ETFs, showing the funds could be close to making their debuts and perhaps the most interesting of the lot is a new ETF that takes an equal-weight approach to the Nasdaq 100.
Direxion, the eleventh-largest U.S.
About ETF Professor (http://www.benzinga.com)
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