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flight risk?

David_Snowball
in The Bullpen
Direxion has launched the Flight to Safety Strategy ETF (FLYT). US Treasuries, utility stocks and gold. It replicates a risk-based index which is rebalanced only quarterly. Down 10% in the past week (about average for its M* group) but only down 5% for the past month (top 2% of its group).

I'm still scanning for a COVID-19 ETF in the pipeline. I haven't seen a filing yet, but wouldn't be surprised if some bright opportunist went for biotech + Clorox + Amazon eventually.
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