Curated News
By: NewsRamp Editorial Staff
May 15, 2024
Direxion Unveils AIBU and AIBD Leveraged and Inverse Trades on AI and Big Data
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- Direxion launched AIBU and AIBD ETFs to provide 200% or inverse daily performance of the Solactive US AI & Big Data Index, offering a chance for short-term conviction in the AI-big data sector.
- The AIBU and AIBD ETFs seek to achieve 200% or 200% of the inverse of the daily performance of the Solactive US AI & Big Data Index, which tracks companies deriving 50% of revenue from AI, Data Analytics, and Big Data.
- The launch of AIBU and AIBD ETFs aims to capitalize on the relationship between AI and big data, contributing to the ongoing innovation in the AI sector and offering a chance for short-term convictions in the AI-big data sector.
- In 2023, the global AI market size was $207.9 billion, predicted to increase nearly tenfold to $1.8 trillion by 2030, showcasing the rapid growth and potential of the AI sector.
Impact - Why it Matters
The launch of the new ETFs by Direxion reflects the increasing interest in AI and big data sectors, offering investors an opportunity to capitalize on the potential growth of these industries. With the global AI market predicted to increase nearly tenfold by 2030, the availability of leveraged and inverse trades in this sector could provide a unique investment opportunity for those with a high risk tolerance and a strategic short-term focus.
Summary
Direxion announced the launch of two new ETFs, AIBU and AIBD, designed to achieve 200% or 200% of the inverse of the daily performance of the Solactive US AI & Big Data Index. These ETFs seek to capitalize on the relationship between AI and big data, aiming to provide traders with a chance to express short-term convictions in the AI-big data sector. The company emphasizes that the ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Direxion Unveils AIBU and AIBD Leveraged and Inverse Trades on AI and Big Data
