Investment Losses in Direxion Daily Junior Gold Miners Index Bull and Bear 3x ETF?
Have you suffered losses investing in Direxion Daily Junior Gold Miners Index Bull and Bear 3x ETF? If so, The White Law Group may be able to help you recovery your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
According to their website, the Direxion Daily Junior Gold Miners Index Bull and Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the MVIS Global Junior Gold Miners Index and “there is no guarantee these funds will meet their stated investment objectives.”
Direxion was the worst leveraged ETF this year according to 24/7 Wall Street’s article, The Best (and Worst) Investments of 2016. The ETF’s value fell 96.3%, making it one of the worst investments of the year.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day.
Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector. In reality, these structured investments are just ways for the industry to increase revenues generated from the creation, sale, and management of these products.
Recovery of Investment Losses
Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client based on the client’s age, investment experience, net worth, and investment objectives.
If your financial advisor has over-concentrated your assets in any sector or investment, particularly one as volatile as the Direxion Daily Junior Gold Miners Index Bull and Bear 3x and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
For a free consultation, please call The White Law Group’s Chicago office at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.