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FAZ Direxion Daily Financial Bear 3X Shares New

6.22
-0.04 (-0.64%)
Last Updated: 15:54:17
Delayed by 15 minutes
Name Symbol Market Type
Direxion Daily Financial Bear 3X Shares New AMEX:FAZ AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.04 -0.64% 6.22 6.3095 6.145 6.20 4,836,235 15:54:17

Direxion Funds To Seek Monthly, Not Daily, Returns

30/09/2009 6:41pm

Dow Jones News


Direxion Daily Financial... (AMEX:FAZ)
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After months of criticism, some mutual funds that magnify investors' bets on the direction of the stock market are being scaled back.

On Wednesday, Direxion Funds said its so-called "leveraged" mutual funds will double investors bets on the direction of the stock market on a monthly - rather than a daily - basis.

The change will apply only to Direxion's conventional mutual funds and not to its exchange-traded funds, which along with those from Bethesda, Md.-based ProShares ETFs, have provoked the most controversy.

-By Ian Salisbury, Dow Jones Newswires; 212-416-2241; ian.salisbury@dowjones.com

 
 

1 Year Direxion Daily Financial... Chart

1 Year Direxion Daily Financial... Chart

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1 Month Direxion Daily Financial... Chart

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