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Direxion Daily India Bear 2X Shares (INDZ)

Summary

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Business Description

Direxion Daily India Bear 2x Shares is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 200% of the inverse (opposite) price performance of the Indus India Index. The fund does not invest in equity securities. Under normal circumstances, the fund creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index, and the remainder in short-term debt instruments. The Indus India Index is designed to replicate the Indian equity markets as a whole through a group of 50 Indian stocks selected from a universe of the largest companies listed on two major Indian exchanges. The index takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators. The fund uses aggressive investment techniques, including investments in derivatives that may expose the fund to additional risks, such as counterparty risk.

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