Direxion prepares short ETFs focused on Brazil, South Korea

04/30/2013 | IndexUniverse.com

Direxion is set to launch a short version of its leveraged exchange-traded funds investing in stocks of large- and mid-capitalization companies doing business in Brazil and South Korea. The Direxion Daily Brazil Bear 3X Shares ETF is designed to deliver 300% of the inverse daily performance of the MSCI Brazil Index. The Direxion Daily South Korea Bear 3X Shares ETF aims for the same with the MSCI Korea Index.

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