The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Materials Select Sector Index.
The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is provided by Standard & Poor's (the "Index Provider") and includes domestic companies from the following industries: chemicals; metals & mining; paper & forest products; containers & packaging; and construction materials. The fund is non-diversified.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Direxion Funds
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=US Bancorp Fund Services, LLC
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Trading-Inverse Equity
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=New York___United States
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=Bank of New York Mellon Corp
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