New ETFs Leverage Natural Gas, Retail Sectors

If you want to leverage a bet on natural gas or the retail sector, Direxion’s new ETFs will help you achieve that goal. On Wednesday, the Boston firm launched four new new leveraged ETFs, bringing its total to 38.

The Direxion Daily Natural Gas Related Bull 2X Shares (FCGL) seeks to produce 200% of the daily performance of the ISE-REVERE Natural Gas Index. The index tracks companies that derive a substantial portion of their revenues from the exploration and production of natural gas. Oil and gas exploration and production make up 72.1% of the index, while integrated oil and gas comprise 24.3%, with 3.5% in gas utilities. The Direxion Daily Natural Gas Related Bear 2X Shares (FCGS) seeks to produce twice the inverse return of the index.

The Direxion Daily Retail Bull 2X Shares (RETL) seeks to double the returns of the Russell 1000 RGS Retail Index, while the Direxion Daily Retail Bear 2X Shares (RETS) gives negative 200% return of the same index. The Russell 1000 RGS Retail Index contains constituents of the Russell 1000 Index that are classified within the Retail subsector of the Russell Global Sector Scheme.

The funds all have an expense ratio of 0.95%.

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