Direxion is expanding its line of strategic beta ETFs by teaming with Value Line to launch a trio of new funds, said the company’s president Brian Jacobs. The Direxion Value Line Conservative Equity ETF (VLLV) is composed of U.S. stocks based on Value Line’s ‘Safety Rank,’ which measures the total risk and defensive capabilities of a company. The Direxion Value Line Small-Cap and Mid-Cap High Dividend Yield TR Index (VLSM) is made up of 50 small-cap and mid-cap stocks and based on ValueLine’s ‘Timeliness, Performance, and Safety Rank and Financial Strength Rating.’ Finally, the Direxion Value Line Mid-Cap and Large-Cap High Dividend ETF (VLML) is composed of 50 mid-cap and large-cap securities and is also based on ValueLine’s ‘Timeliness, Performance, Safety Rank and Financial Strength Rating.’
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