VLSM is heavy on financials services stocks with nearly 44% of the new ETF’s weight allocated to that sector. Materials and energy names combine for 24.5% of VLSM’s weight. The new ETF is more of mid-cap fund with 84.5% of its portfolio allocated to those stocks with the rest going to smaller stocks.
“Dividend-yielding and defensive stocks have been a mainstay for long-term investors. Value Line has offered data and research for over eight decades to help individual stock investors build portfolios with improved risk-adjusted returns. Combined with Direxion’s robust ETF platform and product development expertise, the new ETFs allow easy access to strategies from which investors may benefit,” said Direxion in a statement.
Direxion has been rapidly expanding its lineup of non-leveraged ETFs, which now includes the fast-growing, five-star rated Direxion All Cap Insider Sentiment Shares (NYSEArca: KNOW), Direxion S&P 500 Volatility Response Shares (NYSEArca: VSPY) and the Direxion Zacks MLP High Income Shares (NYSEArca: ZMLP). [Betting on Insiders With an ETF]
Each of the three funds launched by Direxion today charge 0.58% per year.
VLML Weighting Data
Charts Courtesy: Direxion