Direxion strategy ETFs VLAT and VSPR, which track the S&P volatility index, marked the first...

|About: Direxion S&P Latin Amer... (VLAT)|By:, SA News Editor

Direxion strategy ETFs VLAT and VSPR, which track the S&P volatility index, marked the first ETF closures of 2013, as they failed to generate investment interest. With more uncertainty on the global economy, volatility ETFs have remained under pressure, making this investment proposition unattractive. The closure comes within one year of their launch.