Direxion Launches Managed Futures Strategy Mutual Fund Tied to Next Generation ...
/PRNewswire/ -- Direxion , a leader in alternative investment solutions , has expanded their lineup of "buy and hold" alternative strategies with the launch of the Direxion Indexed Managed Futures Strategy Fund (Ticker: DXMAX). The Fund gives investors a liquid, transparent, and cost-efficient way to invest in managed futures.(Logo: http://photos.prnewswire.com/prnh/20100701/NY29766LOGO )
The Fund seeks to replicate the Auspice Managed Futures ER Index . This index is a completely quantitative, rules-based managed futures index made up of 21 futures markets (containing both physical commodities and financials), whose methodology is repeatable and verifiable.
The index has a number of attributes that differentiate it from other managed futures index strategies in the retail marketplace including; the ability to adjust positions intra-month, a monthly rebalance process that assesses volatility levels as a means to control risk, and a focus on shorter term trends to be more responsive. It also incorporates a smart contract roll process that takes into account contango[1] and backwardation[2].
Their main points are that inflation is on the rise, and that's a risk. And that the emerging markets trade "got crowded." Their strategy as of late January was to deploy capital away from India and China, according to the letter.
