As if this market weren't volatile enough, now you can put more zip into your portfolio. Direxion Funds, a leading provider of leverage funds, recently introduced eight new exchange traded funds, ETFs, offering 300% leverage. Four are regular funds that go up in price when the underlying indexes go up, and four are inverse funds that go up price when the underlying indexes go down. Here they are:
BGU Russell 1000
TNA Russell 2000
ERX Russell 1000 Energy
FAS Russell 1000 Financial
BGZ Inverse Russell 1000
TZA Inverse Russell 2000
ERY Inverse Russell 1000 Energy
FAZ Inverse Russell 1000 Financial
These stocks will make relatively large price moves on most days and should be a Day Trader's Delight.
