However, effective on or about June 14, the percent exposure to equities will range between 10% and 100%, and the exposure to T-Bills will range between 0% to 90%.

“These Funds can be valuable tools that equity investors can use to help mitigate risk more effectively,” Ed Egilinsky, Managing Director and Head of Alternative Investments at Direxion, said in the press release. “Since periods of lower volatility have historically tended to offer growth opportunities, while periods of higher volatility usually indicate an increase in overall market risk, tracking volatility as a gauge for exposure to equities is an intelligent way for investors to protect their assets.”

For more information on market volatility, visit our volatility category.

Max Chen contributed to this article.