March 24, 2011 at 06:00 AM EDT
Direxion Debuts Short Aggregate Bond, Treasury ETFs
Direxion, one of the largest issuers of 2x and 3x leveraged ETFs, announced the launch of three products offering daily inverse exposure to fixed income benchmarks. The new -1x Direxion ETFs include: Total Bond Market Bear 1x Shares (SAGG) This ETF seeks to deliver daily returns that correspond to -100% of the daily change in the Barclays Capital U.S. Aggregate Bond Index. That benchmark serves as the basis for many of the most popular total bond market ETFs, including AGG and BND, which have aggregate assets of about $20 billion. The underlying index is a broad measure of investment grade fixed income securities, offering exposure to Treasuries, corporate debt, and mortgage-backed securities over a variety of maturities. AGG recently had an effective duration of about 4.5 years [see SAGG fact sheet]. SAGG is the first ETF offering inverse exposure to a broad investment grade bond index; existing products offering inverse [...] Click here to read the original article on ETFdb.com. Related Posts: ProShares Debuts Short Junk Bond ETF (SJB) Direxion Launches Leveraged Short Term Treasury ETFs (TWOL, TWOZ) ProShares Launches Ultra Treasury ETFs (UBT, UST) ProShares Expands Treasuries Offerings Bond ETF Ideas: Room For Growth In Fixed Income Arena
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