HEGE, HEGJ: Closed 05/20/2016
Direxion Investments begun trading 2 new ETFs: the Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares (NYSE Arca: HEGE) and the Direxion Daily MSCI Japan Currency Hedged Bull 2X Shares (NYSE Arca: HEGJ) on Wednesday, June 10, 2015.
Here is a synopsis of the new ETFs:
1.
FUND INFORMATION:
| Symbol: HEGE | Exchange: NYSE Arca |
| Name: Direxion Daily MSCI Europe Currency Hedged Bull 2X Shares | Net Expense Ratio: 0.95% |
FUND OBJECTIVE:
The Direxion Daily MSCI Japan Currency Hedged Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Japan US Dollar Hedged Index.
REFERENCE INDEX:
The MSCI Europe US Dollar Hedged Index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI Europe Index, to the USD, the “home” currency for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the 1-month Forward weight. The parent index is composed of large and mid cap stocks across 15 european Developed Markets countries and its local performance is calculated in 6 different currencies, including the Euro. The Index is rebalanced monthly on the last trading day of the month.
As of April 30, 2015, the Index consisted of the following 15 DM country indices: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. As of April 30, 2015, the Index consisted of 440 constituents with an average market capitalization of approximately $20 billion and a market capitalization range of $1.5 billion to $250.9 billion.
Index Top 10 Holdings (06/10/15):
| NESTLE | 2.85% |
| NOVARTIS | 2.69% |
| ROCHE HOLDING GENUSS | 2.29% |
| HSBC HOLDINGS (GB) | 2.17% |
| BP | 1.50% |
| ROYAL DUTCH SHELL | 1.41% |
| SANOFI | 1.39% |
| BAYER | 1.37% |
| TOTAL | 1.32% |
| NOVO NORDISK B | 1.30% |
Index Sector Weightings (06/10/15):
| Financials | 22.74% |
| Health Care | 13.78% |
| Consumer Staples | 13.55% |
| Consumer Discretionary | 11.41% |
| Industrials | 11.14% |
| Energy | 7.66% |
| Materials | 7.66% |
| Telecommunication Services | 4.85% |
| Utilities | 3.88% |
| Information Technology | 3.39% |
Useful Links:
HEGE Home Page
2.
FUND INFORMATION:
| Symbol: HEGJ | Exchange: NYSE Arca |
| Name: Direxion Daily MSCI Japan Currency Hedged Bull 2x Shares | Net Expense Ratio: 0.95% |
FUND OBJECTIVE:
The Direxion Daily MSCI Japan Currency Hedged Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Japan US Dollar Hedged Index.
REFERENCE INDEX:
The MSCI Japan US Dollar Hedged Index represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI Japan Index, to the USD, the ‘home’ currency for the hedged index. The index is 100% hedged to the USD by selling the JPY forward at the 1-month Forward rate. The parent index is composed of Japanese large and mid cap stocks. The Index is rebalanced monthly on the last trading day of the month.
As of April 30, 2015, the Index consisted of 314 constituents with an average market capitalization of approximately $9.5 billion and a market capitalization range of $907.5 million to $191 billion.
Index Top 10 Holdings (06/10/15):
| TOYOTA MOTOR CORP | 6.37% |
| MITSUBISHI UFJ FIN GRP | 3.04% |
| SOFTBANK CORP | 2.01% |
| SUMITOMO MITSUI FINL GRP | 1.86% |
| HONDA MOTOR CO | 1.84% |
| MIZUHO FINANCIAL GROUP | 1.48% |
| FANUC | 1.42% |
| KDDI | 1.38% |
| TAKEDA PHARMACEUTICAL | 1.36% |
| CANON INC | 1.35% |
Index Sector Weightings (06/10/15):
| Consumer Discretionary | 22.39% |
| Financials | 19.42% |
| Industrials | 19.36% |
| Information Technology | 11.19% |
| Consumer Staples | 6.78% |
| Health Care | 6.57% |
| Materials | 5.92% |
| Telecommunication Services | 5.14% |
| Utilities | 2.33% |
| Energy | 0.90% |
Useful Links:
HEGJ Home Page