The investment seeks monthly investment results, before fees and expenses, of 200% of the calendar month performance of the FTSE China 25 Index. The fund, under normal circumstances, invests at least 80% of its assets in the equity securities that comprise the index and/or financial instruments that, in combination, provide leveraged exposure to the index with the fund creating long positions. On a day-to-day basis, the fund may hold short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The fund is non-diversified.
Fund filings (PDF) »
Tony Ng (Started: Dec 3, 2007)
Paul Brigandi (Started: Dec 3, 2007)
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Direxion Funds, 33 Whitehall St., 10th Floor, USA