--News Direct--
Direxion, a leading provider of Leveraged and Inverse ETFs, is pleased to announce the appointment of Mo Sparks as the company’s Chief Product Officer. In this role, Sparks will oversee the firm’s comprehensive product strategy, while continuing Direxion’s long standing commitment to product innovation for the global ETF marketplace. Mo will report directly to Douglas Yones, Chief Executive Officer.
Mr. Sparks brings over a decade of experience in ETFs, product development, and business growth. Prior to joining Direxion, Sparks served as Head of Exchange-Traded Funds at Raymond James Investment Management, where he launched the firm’s ETF business from the ground up. Previously, he led new business development, growth and strategic partnerships at the New York Stock Exchange (NYSE), facilitating the entry of over 125 asset managers into the ETF market. His background also includes product focused leadership roles at Vanguard, where he played a key role in shaping the firm’s global ETF and product management strategy.
“Mo is a visionary leader with a deep understanding of ETF innovation and global capital markets,” said Douglas Yones, CEO of Direxion. “His track record of driving product expansion, investor education and his ability to foster cross-functional collaboration will be invaluable as we continue to deliver cutting-edge solutions for traders and investors.”
Expressing enthusiasm for his new role, Sparks stated: “Direxion has established itself as a pioneer in derivative-based ETFs, notably leveraged and inverse ETFs, and I am thrilled to join the team at a time when investors worldwide are becoming more aware of these ETFs and their evolving use cases, including the ability to capture short-term trends in trading. I look forward to building upon the company’s leadership and driving product education and innovation to meet the evolving needs of active traders and investors across the globe.”
Sparks holds a Bachelor of Science in Financial Management from Clemson University and is a Certified ETF Advisor (CETF). Throughout his career, he has been actively engaged in thought leadership and industry partnerships, frequently speaking at ETF conferences, and serving as an alumni board member for Clemson’s Business School.
With Sparks’ expertise, Direxion aims to accelerate its product development strategy and strengthen its position in the ETF market, continuing to offer traders and investors the tools they need to capitalize on market opportunities.
About Direxion:
Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $47.0 billion in assets under management as of December 31, 2024. For more information, please visit www.direxion.com.
There is no guarantee that the Funds will achieve their investment objectives.
For more information on all Direxion Shares ETFs, go to www.direxion.com, or call us at 866.301.9214.
An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a prospectus and summary prospectus call 866.476.7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing.
Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.
Direxion Shares Risks – An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus.
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