DIREXION INSURANCE TRUST registered 3 new fund series on Form 485APOS, filed 2014-02-14. Featured series: Direxion VP Monthly S&P 500(R) Bear 2X Fund.
| Series | Class | Ticker | New |
|---|---|---|---|
| Direxion VP Monthly S&P 500(R) Bear 2X Fund | Direxion VP Monthly S&P 500(R) Bear 2X Fund | — | Yes |
| Direxion VP Indexed CVT Strategy Fund | Direxion VP Indexed Synthetic Convertible Strategy Fund | — | Yes |
| Direxion VP Indexed CVT Strategy Bear Fund | Direxion VP Indexed Synthetic Convertible Strategy Bear Fund | — | Yes |
The Fund seeks monthly investment results, before fees and expenses, of 200% of the inverse (or opposite) of the calendar month performance of the S&P 500 Index. The Fund seeks calendar month leveraged investment results and does not seek to achieve its stated investment objective for a different period of time. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking calendar month leveraged investment results, understand the risks associated with shorting and the use of leverage and are willing to monitor their portfolios freque…