New York-based alternative investments firm Direxion is touting a pair of leveraged bull and bear exchange-traded funds linked to the performance of the FTSE Developed Europe Index. Both utilise a 300% leverage strategy. Direxion is managed by Rafferty Asset Management. The goal of the Direxion Daily FTSE Europe Bull 3X Shares (EURL) is to produce daily returns of 300% of the index, while the Direxion Daily FTSE Europe Bear 3X Shares (EURZ) seeks to generate daily returns equal to 300% of the i