UBS Enters Active Equity ETF Market With Global Income Strategy
UBS Asset Management has launched its first active equity ETF in Europe with the UBS Global Equity Income Plus UCITS ETF (FGZJ).
Direxion has launched the Direxion Daily SpaceX Bear 2X ETF (LOFD), which seeks to deliver -200% of SpaceX’s daily stock performance. The launch completes Direxion’s leveraged and inverse lineup across Elon Musk’s two public companies, pairing LOFD and the bullish Direxion Daily SpaceX Bull 2X ETF (LOFF) with Tesla-focused funds TSLL and TSLS. LOFD debuts as SpaceX enters a key period following its first earnings report and the start of post-IPO lock-up expirations, events that could increase volatility. Direxion said the fund provides traders with a tool to express bearish views or hedge exposure to SpaceX.
At a glance
- Beat
- Launches
- Issuer
- Direxion
- Region
- United States
- Filed
- 6 August 2026
Source: Press Release
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