Inverse Leveraged ETFs

Rounding out its line of leveraged exposure to Brazilian and South Korean markets, Direxion has launched two inverse exchange traded funds to help traders capitalize on any downside movements.

According to a press release, the Direxion Daily Brazil Bear 3x Shares (NYSEArca: BRZS) and Direxion Daily South Korea Bear 3x Shares (NYSEARca: KORZ) began trading Wednesday, May 1.

“We conduct market analysis and reviews on a constant basis in order to identify new opportunities in various regions and sectors for sophisticated investors who actively manage their trading positions,” Eric Falkeis, President of Direxion, said in the press release. “Brazil and South Korea are emerging markets with many successful commodity, technology and automobile companies.”

The Brazil Bear Fund will try to reflect the daily 3x inverse, or -300%, performance of the MSCI Brazil 25-50 Index, which is comprised of large- and mid-cap Brazilian stocks. BRZS has a 0.95% expense ratio.

Sector allocations include financials 26.2%, materials 17.8, consumer staples 15.0%, energy 13.7%, utilities 7.4%, industrials 6.2%, consumer discretionary 5.6%, telecom services 4.0%, information technology 2.7% and health care 1.4%.

The South Korea Bear Fund tries to reflect the daily 3x inverse, or -300%, performance of the MSCI Korea 25-50 Index, which is comprised of large- and mid-cap South Korean stocks. KORZ has a 0.95% expense ratio.