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Direxion announced the addition of five new ETFs to its lineup last week (6/15/11). Four of the new funds are 3x leveraged bullish and bearish plays on the materials and health sectors. The fifth is a non-leveraged total U.S. stock market bear fund.

Direxion Daily Basic Materials Bull 3x Shares (NYSEARCA:MATL) seeks daily investment results of 300% of the price performance of the S&P Materials Select Sector Index with a 0.95% expense ratio. Overview and fact sheet (pdf).

Direxion Daily Basic Materials Bear 3x Shares (MATS) seeks daily investment results of 300% of the inverse (opposite) of the price performance of the S&P Materials Select Sector Index with a 0.95% expense ratio. Overview and fact sheet (pdf).

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) seeks daily investment results of 300% of the price performance of the S&P Health Care Select Sector Index with a 0.95% expense ratio. Overview and fact sheet (pdf).

Direxion Daily Healthcare Bear 3x Shares (SICK) seeks daily investment results of 300% of the inverse (opposite) of the price performance of the S&P Health Care Select Sector Index with a 0.95% expense ratio. Overview and fact sheet (pdf).

Direxion Daily Total Market Bear 1x Shares (TOTS) seeks daily investment results of 100% of the inverse (opposite) of the price performance of the MSCI U.S. Broad Market Index of 2500 stocks with a 0.65% expense ratio. Overview and fact sheet (pdf).

As with other Direxion ETFs, these new products will likely do a good job of meeting their objectives on a daily basis. Before holding them for longer periods, investors need to understand the 3x leverage impact. Direxion provides good background information in its Leveraged ETF Educational Literature.

Disclosure covering writer, editor and publisher: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.

Source: Direxion Adds Materials, Healthcare and Total Market ETFs to Lineup