Four New 3x Direxion China and Latin America ETFs: CZM, CZI, LBJ, LHB
Direxion, known for its 3x leveraged ETFs, launched four new funds today (12/03/09) targeting China and Latin America. The new ETFs seek 300% of the dailyperformance, or 300% of the inverse of the dailyperformance, of the BNY China Select ADR Index and S&P Latin America 40 Index. The new Bull 3x funds will have a 0.94% expense ratio and the Bear 3x funds will have a 0.95% expense ratio. The capitalization-weighted BNY China Select ADR Index currently…
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