ETF Hearsay
Monday, November 2, 2020

New ETF filed: Daily Cloud Computing Bull 2X Shares

Direxion files for Daily Cloud Computing Bull 2X Shares
Effective date January 18, 2021

The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Indxx USA Cloud Computing Index

"The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the Index’s performance increases. An investor could lose the full principal value of his/her investment within a single day."

Ticker: N/A
Expense Ratio: N/A



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About Henry Jim Henry is a senior ETF Product Developer who has launched over 100 ETFs in the USA, Canada, Latin America, and the UK. He has launched global equity and fixed income, non-indexed , currency-hedged, factor ETFs, and tax-sheltered private equity / venture capital funds. HEARSAY stands for Henry’s ETF Alert, Research, and Strategic Analysis sYstem.

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