Direxion Announces Non-Leveraged Airline ETF (FLYX)
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Direxion announce the launch of the Direxion Airline Shares ETF (NYSE: FLYX), its first non-leveraged ETF.
The ETF is designed to seek investment results, before fees and expenses, of the price performance of the NYSE Arca Airline Index.
"With exposure to only one European airline and no exposure to Asian airlines, FLYX offers investors cost-efficient, focused access to some of the most actively traded airline stocks in the Americas, so they can take a more surgical portfolio position," Direxion President Dan O'Neill stated.
The ETF is designed to seek investment results, before fees and expenses, of the price performance of the NYSE Arca Airline Index.
"With exposure to only one European airline and no exposure to Asian airlines, FLYX offers investors cost-efficient, focused access to some of the most actively traded airline stocks in the Americas, so they can take a more surgical portfolio position," Direxion President Dan O'Neill stated.
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