Direxion Launches Quantitative, Rules-Based Commodity ETF

Direxion has launched the Direxion Auspice Broad Commodity Strategy ETF (Ticker: COM), which seeks to provide total return that exceeds that of the Auspice Broad Commodity Index. The rules-based index attempts to capture trends in 12 diversified commodity markets using a quantitative methodology.

Tim Pickering: Investing In The Unknown

2016 was a year of volatility inducing events, which caused many markets to move in surprising ways on the back of results that separated themselves from popular consensus or polling. Brexit, the US election, a new OPEC narrative, and the US Fed raising rates were all tough on trends, inducing whips and reversals. Despite this, equities rallied while broad commodities had their first positive year in many.

USCF Announces Collaboration On Canadian Crude Oil ETF With Auspice

"The opportunity to work with USCF is exciting for Auspice and is positive for the global energy commodity marketplace," said Tim Pickering, Founder, and Chief Investment Officer of Auspice.