-- ETFs Designed to Track the NYSE Current U.S. Treasury Indexes --
NEW YORK, April 16, 2009 –- Direxion Funds, a pioneer in providing alternative investment strategies to sophisticated investors, today began trading four new ETFs designed to track the recently debuted NYSE Current U.S. Treasury Indexes.
The four new Direxion ETFs are:
On April 2, NYSE Euronext launched the NYSE Current 2 Year
With a collective portfolio of over 300 benchmark indices, NYSE Euronext’s Global Index Group provides design, real-time calculation and dissemination services for NYSE Euronext, third-party customized indices and Exchange Traded Products intra-day indicative values.
The four NYSE Current U.S. Treasury Indexes (AXTWO, AXFIV, AXTEN, AXTHR) are one-security fixed income indexes that consist of the most recently issued respective 2-year, 5-year, 10-year, and 30-year U.S. Treasury notes. The indexes intend to track the performance of current on-the-run
The indexes are published each day that the
About Direxion Funds
Direxion Funds, managed by Rafferty Asset Management, LLC, is a major provider of leveraged index funds, ETFs and alternative-class fund products for investment advisors and sophisticated investors who seek to effectively manage risk and return in both bull and bear markets. Founded in 1997, the company has approximately $5.0 billion in assets under management. The company’s business model is built on continuous product innovation, exceptional customer service and a commitment to building strategic relationships with distribution partners.
NYSE Euronext’s Global Index Group:
With a collective portfolio of over 300 benchmark indices, NYSE Euronext is a leading provider of indices. NYSE Euronext develops proprietary indices to showcase the strength of companies listed on its markets, and to provide investors and issuers with benchmarks that measure the world's leading, most liquid marketplace as well as its key segments. NYSE Euronext indices are available to be licensed as the basis for tradable products, including Exchange-Traded Funds (ETFs), to be launched in the future. In 2008, NYSE Euronext created the Global Index Group, bringing together the
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.