The asset manager's latest fund seeks to provide US equity exposure alongside a systematic managed futures strategy based on the Auspice US Equity Plus Trend Index.

Direxion has launched the Direxion US 500 Plus ETF (SPXP), an exchange-traded fund that seeks to track the Auspice US Equity Plus Trend Index, developed by Auspice Capital Advisors. The strategy combines S&P 500 exposure with a systematic trend-following managed futures component. The ETF offers exposure to the US equity market  According to Direxion, the index provides full S&P 500 exposure while adding a trend-following overlay across commodities, currencies and global fixed i