Direxion's FAS And FAZ – Is A Bear Or Bull Market Coming For Wall Street?

The Direxion Daily Financial Bull 3X Shares FAS trading under the ticker FAS, seeks daily investment results, before fees and expenses, of 300% of the performance of the Financial Select Sector Index.

The Direxion Daily Financial Bear 3x Shares FAZ similarly seek to magnify returns on the performance of the index, but this time by seeking daily investment results, before fees and expenses, of 300% of the inverse of the index’s performance.

The financial sector includes the various businesses and institutions that manage money or provide financial services to keep money circulating in the economy. Currently undergoing a major tech-driven transformation, the sector has significant new growth potential thanks to new financial products and new tech-enabled service offerings. But it also faces uncertainty as legislators adapt regulations to address the risks and challenges of innovations like cryptocurrency, digital lending and account aggregators.

The Financial Select Sector Index is diversified across banks, capital markets, insurance, and financial services with companies like Berkshire Hathaway (NYSE: BRK-A), JP Morgan Chase JPM, Bank of America BAC, Wells Fargo WFC, Charles Schwab SCHW, Goldman Sachs Group GS, Morgan Stanley MS, S&P Global SPGI, Blackrock BLK and Chubb CB.

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Featured photo by Aditya Vyas on Unsplash.

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