FYI: Direxion on Wednesday debuted a suite of what it calls “Relative Weight” exchange-traded funds that track indexes from FTSE Russell and MSCI and pair them to capture common macro thematic views. This strategy enables investors to participate in both sides of an expressed view by taking long and short positions on a particular theme.
For example, the Direxion FTSE Russell US Over International ETF (RWUI) has a 150 percent long exposure to the Russell 1000 Index and a 50 percent short exposure to the FTSE All-World ex US Index. This setup favors a domestic over international investment viewpoint.
Regards,
Ted
https://www.fa-mag.com/news/new-direxion-etfs-cover-both-sides-of-a-trade-42794.html?print
