FYI: Direxion rolled out two ETFs today that offer leveraged and inverse exposure to the new communication services sector in the global industry classification standard.
The Direxion Daily Communication Services Index Bull 3X Shares (TAWK) and the Direxion Daily Communication Services Index Bear 3X Shares (MUTE) respectively provide three times the performance and three times the inverse of the performance of the Communication Services Select Sector Index, the same index tracked by the Communication Services Select Sector SPDR Fund (XLC) that launched in June 2018.
TAWK comes with an expense ratio of 1.10% while MUTE charges 1.07%. Both ETFs list on the NYSE Arca exchange.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/new-sector-gets-3x-3x-etfs
