Direxion Launches ETF Pairing S&P 500 Exposure With Managed Futures

Direxion launched the Direxion U.S. 500 Plus ETF (SPXP) on October 7, combining full S&P 500 exposure with a systematic trend-following managed futures strategy. The fund seeks to track the Auspice U.S. Equity Plus Trend Index, developed by Auspice Capital Advisors, with the futures component spanning commodities, currencies and global fixed income. Its return-stacking approach targets 100% S&P 500 exposure alongside the futures overlay using the same capital base, allowing investors to add a potential source of diversification without reducing their core equity allocation. The launch broadens Direxion’s lineup beyond its best-known leveraged and inverse trading products into strategies designed for longer-term portfolio allocations. SPXP also extends Direxion’s 14-year relationship with Auspice. Direxion reported approximately $70.8 billion in assets under management as of September 30.