ARCT - Nanotechnology ETF is launched by Direxion Shares

Direxion Shares has launched the Direxion Nanotechnology ETF (NYSEARCA:TYNE), which provides exposure to stocks involved in the creation and or manipulation of matter at the molecular level. "Investors continue to seek exposure to disruptive industries, but one important area they may not yet fully appreciate is nanotechnology," said David Mazza, Managing Director, Head of Product at Direxion, about the fund's launch. Mazza continued with: "Nanotech is used today in a wide variety of businesses, ranging from agriculture, to biotech, to defense, to energy and semiconductors. With this innovation, materials can be made stronger, lighter, more durable and more reactive, helping to reduce costs and increase productivity." The uses and applications within nanotechnology reach multiple sectors, according to TYNE's fact sheet. The ETF provides a wide sector coverage in healthcare, information technology, industrials, materials, and the consumer discretionary space. TYNE aims to track the S&P Kensho Extended Nanotechnology Index which has a +17.66% YTD return. Moreover, the

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Nanotechnology ETF is launched by Direxion Shares