- Mutual Funds
- >
- Tools
- >
- Education
- >
- ETFs
- Login
Financial Trends Strategy Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
* Estimated Current Exposure Level data updated as often as once per minute, but this web page must be refreshed to obtain updated data. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DXFTX CUSIP: 254939390
DXFTX Inception Date: 3/2/2009 DXFCX CUSIP: 254939333 DXFCX Inception Date: 3/1/2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Financial Trends Strategy Fund seeks investment results comparable to the performance of the Standard and Poor's Financial Trends Indicator® ("FTI®").
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The FTI® is an index which reflects price changes in eight components, six currency and two fixed income market components. Unlike traditional indexes, which only reflect long positions in the relevant components, the FTI® may reflect either a long or a short position in each of the eight components. The long/short decision involves monitoring the price of the sectors in relation to their respective seven-month moving average price.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund Sector Changes from previous month
Total Fund Exposure 
Data as of 7/30/2010 is subject to change at any time and are not recommendations to buy or sell any security. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
August 2010 Provided by: Victor Sperandeo of Alpha Financial Technologies Financials – In the Financial sector, U.S. Bonds and U.S. Notes were mixed in July, with the short end of the yield curve slightly higher (we were long Bond futures and Note futures for July, and remain long both for August). The Federal Reserve's stance of continuing to keep interest rates at historic low levels for "an extended period of time" has limited any selling of Bonds. The FTI™ was long the Japanese Yen, the Swiss Franc, and the British Pound for July while short the Euro (for August we are now long all four currencies). As fears of European economic catastrophe lessened, the U.S. Dollar was weaker for the month against most major currencies. The Canadian Dollar and Australian Dollar were both higher for July as well, with the Australian Dollar the better performer of the two (we were short both for July, but are now long both for August). We believe any developments in China, the Koreas, or the Middle East, any potential increase in terrorist activity, domestic economic news, the global economic situation, political turmoil in Europe, and any major moves in the price of Crude Oil or Gold remain the primary factors influencing the Financial markets. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
An investor should consider the investment objectives, risks, charges, and expenses of the Direxion Funds carefully before investing. The prospectus contains this and other information about Direxion Funds. To obtain a prospectus, please contact the Direxion Funds at 800.851.0511. The prospectus should be read carefully before investing. Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by a mutual fund increases the risk to the fund. The more a fund invests in leveraged instruments the more the leverage will magnify gains or losses on those investments. The principal risks of investing in the Financial Trends Strategy Fund are Risk of Tracking Error, High Portfolio Turnover, Leverage Risks, Derivatives Risks, Counterparty Risks, Market Risk, Risk of Non-Diversification, Risks of Options and Futures Contracts, Interest Rate Changes, Risks of Investing in Other Investment Companies and ETFs, Risks of Investing in Equity Securities, Risks of Investing in Foreign Instruments, Currency Exchange Rates, Risks of Shorting Instruments, Security Selection Risk, Risks of Volatile Markets, Credit Risk, and Valuation Time Risk. For more information on the risks of the fund, including a description of each risk, please refer to the prospectus. Direxion imposes a 1.00% redemption fee on the Financial Trends Strategy Fund for shares redeemed within ninety days of the date of purchase. Back to Top |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||