Mutual Fund Insights: Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

In-depth Analysis of Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

3 months 6 months 1 year 3 year 5 year

See Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) performance details as of January 31, 2010

  

Last Trade: $14.64 on 3/9/2010, Change: -0.18 (-1.21%)

  

Fund Manager - Paul Brigandi

Fund Manager Tenure: 4.4 years
Fundmojo Fund Grade: N/A (Score: Manager deploys a bear strategy)     (What does this score mean?)

Brigandi has been a portfolio manager at Rafferty Asset Management since June 2004. He was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004.  Get more insights on Paul Brigandi

  

 What we like about Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

Data for Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) as of January 31, 2010

• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) management has been with Direxion Emerging Markets Bear 2.0X Inv Fund for 4.4 years
• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) has a lower management fee than its Bear Market average: 1.99% vs 2.01%

  

 What we are cautious about Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

Data for Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) as of January 31, 2010

• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) has a less-than-ideal short-term performance (1-year return -78.98% vs -37.50% Bear Market category average)
• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) has a less-than-ideal mid-term performance (3-year return -56.28% vs -8.30% Bear Market category average)
• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) is less safe compared to its Bear Market peers
• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) has an annual stock turnover rate of 5062.00% that is higher than the Bear Market average of 519.23%. This could mean Direxion Emerging Markets Bear 2.0X Inv is more nimble, but also signal potential high tax impact and high trading fees
• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) does not have a good risk adjusted return as its 3-year Alpha of -55.3 is worse than category average of -18.3, and its 3-year Sharpe ratio is -1.38
• Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) is more volatile than its peers as it has a 3-year Standard Deviation of 49.71 that is higher than category average of 30.28
• Even though Direxion Emerging Markets Bear 2.0X Inv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Bear Market category?

Below are some additional Bear Market mutual funds generated out of our database

• See top fund managers for Bear Market Category Funds
• Browse other funds in Bear Market Category

  

Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) Net Asset

Track net asset change of Direxion Emerging Markets Bear 2.0X Inv fund (DXESX)

Date	Net Asset
01/2010	$9.84M
11/2009	$4.39M
10/2009	$8.49M

More historic net asset information on Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

  

Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) Portfolio Allocation

Track portfolio allocation change of Direxion Emerging Markets Bear 2.0X Inv fund (DXESX)

Date	Cash	Stock	Bond	Other
11/2009	100%	0%	0%	0%
08/2009	100%	0%	0%	0%
05/2009	100%	0%	0%	0%

Click here to see more historic asset allocation information on Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

  

Most Recent Top 10 Holdings in Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

Discover what Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX) manager is buying

30-Nov-09 Eem Merrill Lynch Bullet Swap [365.42%] Goldman Sachs FS Government FST [100%] Eem Swap With Merrill Lynch [75.22%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

31-Aug-09 Goldman Sachs FS Government FST [100%] Eem Merrill Lynch Bullet Swap [79.45%] Eem Swap With Merrill Lynch [75.22%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

31-May-09 Eem Merrill Lynch Bullet Swap [554.19%] Goldman Sachs FS Government FST [100%] Eem Swap With Merrill Lynch [75.22%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

Click here for Stock Holding Change Map in Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

  

Related books and products to Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

  

Latest News on Direxion Emerging Markets Bear 2.0X Inv (DXESX)

See what is happening with Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

Split Bares Weakness in Leveraged Funds (at TheStreet.com) Worst-Performing Stock Funds Bet Against Equities (at TheStreet.com) See more news on Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

 

Books and Resources

 

 

See more information on Direxion Emerging Markets Bear 2.0X Inv Fund (DXESX)

• Direxion Emerging Markets Bear 2.0X Inv Fund Insights
• Direxion Emerging Markets Bear 2.0X Inv Fund Performance Data
• Direxion Emerging Markets Bear 2.0X Inv Fund News
• Direxion Emerging Markets Bear 2.0X Inv Fund Score Explaination
• Direxion Emerging Markets Bear 2.0X Inv Fund Manager Information
• Historic Direxion Emerging Markets Bear 2.0X Inv Fund Asset Allocation Report
• Historic Direxion Emerging Markets Bear 2.0X Inv Fund Top 10 Holding Tracking
• Historic Direxion Emerging Markets Bear 2.0X Inv Fund Asset Under Management Tracking