Direxion Rolls Out Five New ETFs Today

Direxion, the eleventh-largest U.S. ETF issuer, will bolster its already strong lineup of inverse and leveraged ETFs with the introduction of four first-to-market sector funds and one inverse total market ETF today.

For triple-leveraged plays on the materials sector, Direxion will roll-out the Direxion Daily Basic Materials Bear 3X Shares (NYSE: MATS) and its bullish cousin, the Direxion Daily Basic Materials Bull 3X Shares (NYSE: MATL). MATS and MATL will be the first triple-leveraged plays on the basic materials space.

ProShares, the largest issuer of inverse and leverage ETFs, currently sponsors the ProShares Basic Materials (NYSE: UYM) and the ProShares UltraShort Basic Materials (NYSE: SMN).

For triple-leveraged plays on the healthcare space, Direxion debuts the Direxion Daily Healthcare Bull 3X Shares (NYSE: CURE) and its bearish relative, the Direxion Daily Healthcare Bear 3X Shares (NYSE: SICK). Rival ProShares also offers double-leveraged healthcare ETFs.

For the less adventurous, but still bearishly inclined, Direxion offers up the Direxion Daily Total Market 1X Shares ETF (NYSE: TOTS), which is designed to provide daily inverse exposure to the MSCI US Broad Market Index.

The underlying index for TOTS tracks 2,500 U.S. companies and the new ETF will feature an expense ratio of 0.65%.

The top-five sector allocations for TOTS are technology (16.66%) industrials (13.45%), energy (12%), healthcare (10.8%) and consumer cyclical (10.13%).

Direxion launched four new ETFs in May and finished the month with 46 ETFs on the market and $6.5 billion in assets under management.