Three Direxion Strategic Beta ETFs Added To E*TRADE Commission-Free ETF Program

NEW YORK, July 3, 2018 /PRNewswire/ — Direxion is pleased to announce that three of its Direxion Strategic Beta ETFs are now available through the E*TRADE Commission-Free ETF Program.

Investors have commission-free access to the following Direxion ETFs:

  • Direxion All Cap Insider Sentiment Shares (KNOW)
  • Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
  • Direxion Auspice Broad Commodity Strategy ETF (COM)

“E*TRADE shares our commitment to providing investors with excellent value for their investment dollar. We’re happy to collaborate with them in their mission to offer ETF investors a cost-effective way to access proven investment strategies,” said Sylvia Jablonski, Managing Director at Direxion. “Thanks to this commission-free program, more investors can obtain low-cost entry to our Strategic Beta ETFs, and potentially enhance their portfolios with characteristics of both active management and passive indexing.”

Direxion Strategic Beta ETFs seek to incorporate what we believe are the best features of passive and active strategies. These funds represent a new approach geared toward achieving specific objectives.

E*TRADE enables investors to access a large selection of ETFs without having to pay trading commissions. E*TRADE recently announced that it has surpassed 250 commission-free ETFs spanning dozens of Morningstar categories.

“For many investors, especially those who believe in the importance of strategy diversification, adding ETFs that utilize alternative investment methodologies to their portfolios can be an appealing play,” said Rich Messina, SVP of Investment Product Management at E*TRADE Financial. “With the addition of Direxion’s Strategic Beta ETFs to the Commission-Free Program, we continue in our pursuit to offer our customers a broad range of investment choices.”

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $14 billion in assets under management as of March 31, 2018. Direxion’s diverse suite of products helps investors navigate today’s ever-changing markets. For more information, please visit www.direxioninvestments.com.

About the E*TRADE Commission-Free ETF Program:

You can buy and sell the exchange-traded funds (ETFs) available through the E*TRADE Securities Commission-Free ETF Program without paying brokerage commissions. For margin customers, ETFs purchased through the program are not margin eligible for 30 days from the purchase date. To discourage short-term trading, E*TRADE Securities may charge a short-term trading fee on sales of participating ETFs held for less than 30 days. The list of commission-free ETFs is subject to change at any time without notice.

E*TRADE Securities LLC (ETS) has contracted with certain ETF companies to receive compensation in connection with the purchase of ETFs offered commission-free through ETS. This additional compensation is paid by an affiliate of the ETF. The compensation ETS receives as a result of these relationships is paid based on initial setup fees, and a percentage of invested assets ranging from 0 to 0.15% per annum, depending on the fund company.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration that result from a Fund’s investments in a limited number of securities or from a Fund’s investment in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. Please see the summary and full prospectuses for a more complete description of these and other risks of each Fund.

This article provided by NewsEdge.