Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news. Direxion is about to go live with its work-from-home ETF. Payable and Ex-Date With regard to mutual funds, this is the day on which declared distributions (dividends or capital gains) are deducted from the fund’s assets before it calculates its net asset value (NAV). Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. We assume the highest tax rate in calculating these figures. The firm offers numerous ETFs, and like any successful fund provider, Direxion has quite a few ETFs … Market Disruptions Resulting from COVID-19. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. * For additional information regarding the Fund’s expense ratio (gross/net fees), please refer to its individual product page. The largest Direxion ETF is the Direxion Daily Financial Bull 3x Shares FAS with $1.89B in assets. “CUSIP” is a registered trademark of the American Bankers Association. Indeed, Direxion filed paperwork for this in April. All values are in U.S. dollars. Direxion Launches Work From Home ETF June 25, 2020 Combining companies across four technology pillars allows investors to gain targeted exposure to those growing companies that stand to benefit from an increasingly flexible work environment. Meet the CLOU ETF CLOU is a new exchange-traded fund, launched in April by Global X, an ETF specialist. The Index is equal weighted at each semi-annual reconstitution and rebalance date. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. An investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. To obtain a Fund’s prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. State and local taxes are not included in our calculations. Foreside Fund Services, LLC is the distributor for the Direxion Shares in the United States only. For additional information, see the fund(s) prospectus. An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. Returns for performance for one year and under are cumulative, not annualized. Direxion Shares and Ultra ProShares are leveraged Exchange-Traded Funds (ETFs) designed to seek daily investment results, before fees and expenses, of 300% / 3x of the performance (or 300% / 3x of the inverse of the performance, in the case of a bear fund), of the benchmark index that they track. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable. NEW YORK —June 25, 2020—Direxion announced today it has expanded its range of buy and hold ETFs with the launch of the Direxion Work From Home ETF (Ticker: WFH ). Long-term capital gains are taxed at a 15% rate. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Today, I look at what the fund may look like. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. [2] Kopf (2019): “Slowly but surely, working at home is becoming more common” Additional risks of the Fund include, but are not limited to, Index Correlation/Tracking Risk, Index Strategy Risk, Market Disruption Risk, American Depositary Receipts Risk and risks associated with the market capitalizations of the securities in which the Fund may invest. The recently launched Direxion Work From Home ETF (WFH) offers access to companies across these four technology pillars, allowing investors to … ADRs are issued by non-U.S. companies and are subject to various foreign investment risks including but not limited to the risk that the currency in the issuing company’s country will drop relative to the U.S. dollar, that politics or regime changes in the issuing company’s country will undermine exchange rates or destabilize the company and its earnings. The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. Learn everything about Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL). Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. May be considered a satellite holding to complement other broader positions within a portfolio. The ETF will trade under the ticker WFH. It will have exposure to infrastructure used by cybersecurity, cloud tech, project management and online communication companies. Past performance does not guarantee future results. Current and Historical Performance Performance for Direxion Work From Home ETF on Yahoo Finance. The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to … The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. Direxion's Work From Home ETF (WFH) could stand to benefit from the transition that has occurred as a result of the coronavirus pandemic. 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of Direxion relative to other ETF issuers. The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to … Past performance does not guarantee future results. Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. Direxion and all other ETF issuers are ranked based on their aggregate 3-month fund flows. Long Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for more than one year. Trends toward a greater adoption of flexible work arrangements were already in motion prior to the COVD-19 pandemic, which has and may continue to accelerate adoption of technologies that enable remote work. Overview. Past performance does not guarantee future results. Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Direxion’s Work-From-Home ETF Will Track World’s New Normal; Direxion is planning to start a new “work-from-home” exchange-traded fund that tracks industries such as cloud technologies, remote communications and cyber security, according to a filing to the Securities and Exchange Commission. Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. Direxion ETFs has been a pioneer in the leveraged and inverse space for roughly a decade. Based upon a recent review, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close nine ETFs, based on the recommendation of … NEW YORK, June 25, 2020 /PRNewswire/ -- Direxion announced today it has expanded its range of buy and hold ETFs with the launch of the Direxion Work From Home ETF (Ticker: WFH). This Website is not directed to the general public in Hong Kong. The issuer was among the first to offer 3x leveraged and inverse ETFs, and now has begun to … Uses advanced techniques to identify the 40 stocks accelerating greater adaption of remote work. Offers exposure to four pillars, across established and emerging technologies, that power the ability to work from home efficiently and effectively. Solactive AG is not a sponsor of, or in any way affiliated with, the Direxion Work From Home ETF. To obtain a Fund’s prospectus and summary prospectus call 646-760-3323 or click here. Direxion’s ETFs are designed to expand the options for seeking flexibility in all market conditions, to more precisely express your market views and manage risk – over any time period. Information herein is not intended for Professional Investors in any jurisdiction in which distribution or purchase is not authorized. Line chart shows pricing trend over the last 30 days. The after tax portion is then assumed to be reinvested in the fund. The Index consists of 40 companies, namely, the top 10 ranked companies in each of the four WFH Industries. This Website does not provide investment advice or recommendations, nor is it an offer or solicitation of any kind to buy or sell any investment products. The Primary Listing Exchange is the NYSE Arca, Inc. An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. ETF Issuer Fund Flow League Table. The Solactive Remote Work Index is comprised of U.S. listed securities and American Depository Receipts (“ADRs”) of companies that provide products and services in at least one of the following business segments that facilitate the ability of people to work from home: remote communications, cyber security, online project and document management, and cloud computing technologies (“WFH Industries”). [4] PwC (2020): “COVID-19 CFO Pulse Survey” For more information, please consult your tax consultant. The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. DAL is an affiliate of other companies within the Direxion Group companies which may manage the products and provide the services described herein, which are not directed to the general public in Hong Kong. For that reason, Direxion is planning to start a new “work-from-home” exchange-traded fund that tracks industries such as cloud technologies, remote communications and … The Direxion Moonshot Innovators ETF is an exchange-traded fund incorporated in the US. Income Dividend A portion of a company’s profit paid to common and preferred shareholders. Direxion Asia Limited ("DAL") is licensed with and regulated by the Securities Futures Commission of Hong Kong ("SFC") (CE Number: BAZ386) to provide services to Professional Investors. One cannot directly invest in an index. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To determine this figure, all income and short-term capital gains distributions are taxed at the maximum federal rate at the time of distribution. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from competitors with lower production costs. [5] CNBC/Change Research (2020): “States of Play”. 571) ("Ordinance"). There is no guarantee the investment strategy will be successful. Companies within the Direxion Group which do not carry out regulated activities in Hong Kong are not subject to the provisions of the Ordinance. The performance data quoted represents past performance. Distributor: Foreside Fund Services, LLC. Direxion launches ‘Work From Home’ ETF. These returns follow the SEC guidelines for calculating returns before sale of shares. The investment return and principal value of an investment will fluctuate. Direxion announces the launch of the Direxion Connected Consumer ETF (Ticker: CCON). The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. NEW YORK, Nov. 12, 2020 /PRNewswire/ -- Direxion announced today the launch of the Direxion Moonshot Innovators ETF (Ticker: MOON). Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns for performance for one year and under are cumulative, not annualized. A Fund’s prospectus and summary prospectus should be read carefully before investing. Whether others will follow Direxion's lead remains to be seen, but there are already numerous options on the ETF market that investors can use to … The use of leverage by a Fund increases the risk to the Fund. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry or sector which can increase volatility. The performance data quoted represents past performance. Brokerage commissions will reduce returns. The NAV per share will drop by the amount of the distribution per share. As of 9/30/2020, the fund received a 5-Star rating for the 3-year period and overall. The Direxion Work From Home ETF (WFH) may be considered a satellite holding to complement other broader positions within a portfolio. In the last trailing year, the best performing Direxion ETF was the CWEB at 128.98%. [3] Fortune (2020): “Fortune 500 CEO Poll” Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Short Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for less than one year. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. The Direxion Auspice Broad Commodity Strategy ETF (COM) was rated against the following numbers of US Fund Commodities Broad Basket funds: 101 funds in the last three years. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. Direxion Funds Risks - An investment in the Funds involves risk, including the possible loss of principal. Leveraged 3X Long/Bull ETFs are funds that track a wide variety of asset classes, such as … Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. The Direxion Work From Home ETF seeks investment results, before fees and expenses, that track the Solactive Remote Work Index. For other risks including correlation, compounding, market volatility and risks specific to an industry or sector, please read the prospectus. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund. Direxion’s ETFs are designed to expand the options for seeking flexibility in all market conditions, to more precisely express your market views and manage risk – over any time period. AFTER-TAX AND AFTER-TAX, POST SALES RETURNS. NAV and Market Price information as of Invalid date. There is no guarantee that the fund will achieve its stated investment objective. Your investing purpose is unique, whether executing short-term tactical trades, expressing a macro-themed market point of view, or pursuing building blocks for the long term. The performance data quoted represents past performance. The CUSIP Database, ©2011 American Bankers Association. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus. Brokerage commissions will reduce returns. According to Global X, it tracks the Indxx Global Cloud … A Fund’s prospectus and summary prospectus should be read carefully before investing. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. It has non-leveraged funds in its exchange-traded product line as well. You agree that your use of this Website is subject to you reviewing and acknowledging the terms of this disclaimer and the website’s terms of use. Tax-adjusted returns show a fund’s annualized after tax total return for the one, three and five year periods, excluding any capital-gains effects that would result from selling the fund at the end of the period. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Direxion has launched a new thematic equity ETF that seeks to capitalize on what is arguably the most pervasive and likely most enduring trend associated with the Covid-19 pandemic: the work-from-home movement. The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. An investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. The Funds are non-diversified and include risks associated with concentration risk which results from the Funds’ investments in a particular industry or sector and can increase volatility over time. Updated May 21, 2020 Direxion is a leading ETF provider known mostly for its leveraged and inverse ETFs. This is the first ETF with a strategy designed to provide investors with comprehensive exposure to firms at the forefront of the worldwide, societal transformation towards greater adoption of flexible work. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable. [1] Mann, and Adkins (2017): “America’s Coming Workplace: Home Alone” The investment return and principal value of an investment will fluctuate. Unlocking investment potential by creating pathways to amplify your convictions, whatever they may be. The fund seeks investment results, before fees and expenses, that track the S&P Kensho Moonshot Index. About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. Direxion Shares ETF Risks – Investing involves risk including possible loss of principal. There is no guarantee that the funds will achieve their objective. MOON invests in … This is the first ETF with a comprehensive exposure to firms at the forefront of an evolving world. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. CUSIP Identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard and Poor’s Financial Services, LLC, and are not for use or dissemination in any manner that would serve as a substitute for a CUSIP service. The Direxion Work From Home ETF provides exposure to companies that stand to benefit from more people working remotely. Market Disruptions Resulting from COVID-19. DAL does not maintain nor is it responsible for the contents of this Website, which has not been approved by the SFC. Distributor for Direxion Shares: Foreside Fund Services, LLC.Distributor for Direxion Funds: Rafferty Capital Markets LLC. Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. Record Date Date by which a shareholder must officially own shares in order to be entitled to a dividend. Hong Kong Investors - This website and the investment products referenced herein ("Website") are directed to persons who are "Professional Investors" within the meaning of the Hong Kong Securities and Futures Ordinance (Cap. ... social media, advertising, travel platforms, cloud computing or digital marketing. 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