Market Overview

Direxion iBillionaire Index ETF Added to Schwab's Commission-Free Trading Program

Share:

ETF That Tracks Strategies Successfully Deployed by Well-Known Billionaires Now Available through Schwab ETF OneSource™

NEW YORK, Feb. 2, 2015 /PRNewswire/ -- Direxion Investments announced today that the Direxion iBillionaire Index ETF (NYSE: IBLN) is the fifth of its Strategic Beta ETFs now available through Schwab ETF OneSource, Charles Schwab & Co.'s commission-free ETF trading program.

Direxion Investments Logo

With the addition of IBLN, Direxion's entire suite of Strategic Beta ETFs is now available commission-free through Schwab ETF OneSource.  Direxion Strategic Beta ETFs allow investors to potentially enhance their portfolios with the best characteristics of both active management and passive indexing. Please visit direxioninvestments.com/schwabetfonesource to learn more about the Direxion Strategic Beta ETFs available through the Schwab ETF OneSource platform.

"We've been pleased with the interest in IBLN since we launched the ETF last year," said Brian Jacobs, President of Direxion Investments. "Access to the strategies successfully deployed by well-known billionaires through an investment vehicle that is transparent, liquid and cost-efficient resonates with investors. Now that they can obtain access to IBLN through Schwab ETF OneSource, with no trading commissions, the value of being able to invest like a billionaire is even greater."

Schwab ETF OneSource enables investors to access a large selection of ETFs without having to pay trading commissions and early redemption fees, or meet enrollment requirements. Schwab announced last week that it has added IBLN to the program, which already includes the following ETFs from Direxion Investments:

  • Direxion All Cap Insider Sentiment Shares (KNOW)
  • Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
  • Direxion S&P 500 Index Volatility Response Shares (VSPY)
  • Direxion Zacks MLP High Income Shares (ZMLP)

"We're excited to be able to expand this program to meet investor demand for innovative ETFs like these," said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. "Direxion Strategic Beta ETFs help us offer the choice and value our clients expect from Schwab."

About Direxion Investments

Direxion Investments offers highly liquid, tactical and strategic institutional-quality ETFs and mutual funds for investors seeking to solve for better investment outcomes. Founded in 1997, the company has approximately $9.0 billion in assets under management as of December 31, 2014. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.

*Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab Pricing Guide for additional information.

There is no guarantee that the funds will achieve their objectives.

For more information on all Direxion ETFs, go to www.direxioninvestments.com, or call us at 866.476.7523.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

Risks:
An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to; provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including leverage, correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

 CONTACT:

James Doyle


JCPR


973-850-7308


jdoyle@jcprinc.com

Logo - http://photos.prnewswire.com/prnh/20140806/134231

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/direxion-ibillionaire-index-etf-added-to-schwabs-commission-free-trading-program-300028832.html

SOURCE Direxion Investments

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com