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Direxion Daily Financial Bull 3X Shares (FAS) RSS Feed

Followers
94
Posters
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Posts (Total)
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Created
11/08/08
Type
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Moderators


Welcome
 

We are here to discuss the Direxion Daily Financial 3X funds.
Please feel free to include FAZ in any discussion, as FAS and FAZ are both representative of the same thing...  A 3X reflection in daily movement of the Russell 1000 Financial Services Index.

 The key word to remember here is DAILY.

FAS/FAZ are not intended as an investment, but as a trading tool designed to reflect the DAILY moves of the Russell 1000 Financial_Services Index X3.


Historic Develpments for FAS from Direxion

Forward Split for 5 Direxion Bull ETFs

FAS included in Dividend Distribution

 


 

Each day Direxion publishes the current makeup of this ETF:  http://www.direxionshares.com/holdings_fas.csv

Link To Direxion's FAS fact sheet:  www.direxionshares.com/pdfs/Financials_Bull-Bear_Fact_Sheet.pdf

Link to fact sheet regarding Russell 1000 Financial_Services Index:  www.russell.com/indexes/PDF/fact_sheets/US/1000Financialservices.pdf

Link to Prospectus:  direxionshares.onlineprospectus.net/direxionshares/FAS/index.html

Link to Summary Prospectus:  direxionshares.onlineprospectus.net/direxionshares/FAS/index.html

Link to FAS chart

Link to Russell 1000 Financial Index (RIFIN) chart

Link to Dow Jones US Financials

 


 It is important to understand the unique characteristics of leveraged ETFs, and in particular Triple Leveraged ETFs.

While these funds are designed to reflect a daily 3X change in the underlying assets, It is important to understand that over an extended period of time a leveraged fund may actually UNDERPERFORM the underlying assets represented!

Important Reading: 

www.direxionshares.com/pdfs/DS_Paper_011210.pdf

www.finra.org/Investors/ProtectYourself/InvestorAlerts/MutualFunds/P119778

Good video:

 www.cnbc.com/id/15840232

 

 

 

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Day Range:
Last Trade Time:
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