NEW YORK--(BUSINESS WIRE)--Value Line, Inc., (NASDAQ:VALU) announced that they have agreed to provide Direxion Investments with Value Line® Research to support Direxion’s three Strategic Beta ETFs based on indexes from Value Line, and launched on March 11, 2015. The three Strategic Beta ETFs include:
- Direxion Value Line Small- and Mid-Cap High Dividend ETF (VLSM)
- Direxion Value Line Mid- and Large-Cap High Dividend ETF (VLML)
- Direxion Value Line Conservative Equity ETF (VLLV)
The ETFs will apply Value Line’s well-known Timeliness™, Performance, and Safety™ Ranks to identify high-dividend–yielding stocks in the Small-, Mid-, and Large-Cap Equity categories, and lower-volatility stocks for a Conservative Equity Strategy. Value Line compiles and manages the indexes, which start with select criteria for each category. The indexes’ holdings are determined once the appropriate Value Line proprietary Price Stability, Timeliness, Financial Strength and/or Safety Rankings are applied. All companies in the indexes are equally weighted for added diversification and re-balanced annually.
“Direxion’s lineup of ETFs shows that investors need thoughtful ways to approach investing,” said Howard Brecher, CEO of Value Line. “We look forward to working with Direxion to offer strategies that provide exposure to the dividend and conservative stocks that our research indicates are among the best in their categories.”
Dividend-yielding and defensive stocks have been a mainstay for long-term investors. Value Line has offered data and research for over eight decades to help individual stock investors build portfolios with improved risk-adjusted returns. Combined with Direxion’s robust ETF platform and product development expertise the new ETFs allow easy access to strategies from which investors may benefit.
“Value Line has been a top provider of independent investment-related research for 85 years. Generations of investors have depended on their high-quality research to make investment decisions. We’re glad to team up with them to offer investors a transparent, liquid and cost-effective way to benefit from their time-tested research,” said Brian Jacobs, President of Direxion Investments. “These three ETFs give conservative and income-oriented investors the ability to utilize Value Line’s popular ranking systems to potentially improve their risk-adjusted returns.”
About Value Line
For more than 80 years, Value Line has been a top provider of independent investment-related research and quantitative investment products for individual and institutional investors, with a reputation for high-quality, cost-effective research and data. We deliver to our clients timely and unbiased research in a format that integrates fundamental equity research with quantitative disciplines. Our focus on operating numbers and the quantitative expertise of our analysts can save hours of work in identifying and examining interesting stock, mutual fund, option, convertible, and ETF opportunities. For more information, please visit www.valueline.com.
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 direxioninvestments.com or call 866-476-7523.
There is no guarantee that the funds will achieve their objectives. 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.
There is no assurance that the Funds will achieve their objectives. No single Fund is a complete investment program. One cannot invest directly in an index. An investment in the Fund involves risk, including the possible loss of principal.
Distributor: Foreside Fund Services, LLC.
