ProShares Leverages Currency and Commodities

The biggest name in short and leveraged funds has released a new group of ETF’s, with the promise of more to come. Having wide success with their more traditional style and sector leveraged and short funds, ProShares has now launched a series of double long and double short currency funds, covering the Yen and Euro, as well as two natural resource funds, covering the DJ-AIG commodity, and DJ-AIG crude oil indexes. Similar funds from other sponsors are already trading, but I doubt ProShares will have any problems gaining attention with their new ETFs. Here is a rundown of the new funds that ProShares now offers:

(ULE) – Ultra Euro
(EUO) – UltraShort Euro
(YCL) – Ultra Yen
(YCS) – UltraShort Yen
(UCD) – Ultra DJ-AIG Commodity
(CMD) – UltraShort DJ-AIG Commodity
(UCO) – Ultra DJ-AIG Crude Oil
(SCO) – UltraShort DJ-AIG Crude Oil

Although trading in these new ETFs is currently light, expect more liquidity in the coming months as more investors and traders become aware of these new funds, much like the launch of the other very popular ProShares ETFs. Four additional funds for gold and silver prices are also in the works, both double long and double short. As for the expense ratios for these newly launched ETFs, they are listed at 95 basis points, which is similar to most of their funds.

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Direxion Launches Triple Leverage ETFs

Last week was an historic moment in American history as the United States elected its first African American president, but it was also an historic day for the ETF investing enthusiast. Shortly after the ballots were counted, and America knew who their next commander in chief was going to be, Direxion finally launched their newest investment products, a family of 3X Leveraged ETFs. A lineup that includes both bull and bear strategies for the Russell 1000 and 2000 indexes, and the energy and financial sectors will be should to grab the attention of traders and investors in the coming weeks and months. With volatility at an all time high recently, the daily returns of these funds should both excite, and scare onlookers. Here is a rundown of the 3X funds that Direxion now offers:

(BGU) – Large Cap Bull 3X Shares – Russell 1000
(BGZ) – Large Cap Bear 3X Shares – Russell 1000
(TNA) – Small Cap Bull 3X Shares – Russell 2000
(TZA) – Small Cap Bear 3X Shares – Russell 2000
(ERX) – Energy Bull 3X Shares – Russell 1000 Energy
(ERY) – Energy Bear 3X Shares – Russell 1000 Energy
(FAS) – Financial Bull 3X Shares – Russell 1000 Financial Services
(FAZ) – Financial Bear 3X Shares – Russell 1000 Financial Services

Although trading in these new ETFs is currently light, expect more liquidity in the coming months as more investors and traders become aware of these new funds, much like the launch of the very popular ProShares 2X ETFs. Many of the popular ProShares funds like UYG and SKF were slow at first, now they turn out a tremendous amount of volume on a daily basis. As for the expense ratios for these new triple return ETFs, they are listed from 94 to 102 basis points, which is fair for 3X leverage. As these funds gain in popularity, I would expect more fund launches in additional sectors.

For more information visit http://www.etfplanet.com