The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Market VectorsTM Junior Gold Miners Index.
The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments. The index tracks the performance of Small and mid capitalization companies in the global gold and silver mining industry. The fund is non-diversified.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Direxion Funds
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 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=U.S. 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
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 http://www.globalfunddata.com/funds/new/performance/custodian?variant=The Bank of New York Mellon
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