Direxion Value Line Small- and Mid-Cap High Dividend ETF Added to Schwab ETF OneSource

etf-news7Direxion Investments announced today that the Direxion Value Line® Small- and Mid-Cap High Dividend ETF (Ticker: VLSM) is the sixth of its Strategic Beta ETFs now available through Schwab ETF OneSource™, Charles Schwab & Co.’s commission-free* ETF program.

Direxion Strategic Beta ETFs allow investors to potentially enhance their portfolios with the best characteristics of both active management and passive indexing. Please visit direxioninvestments.com/schwabetfonesource to learn more about the Direxion Strategic Beta ETFs available through the Schwab ETF OneSource platform.

“Generations of investors have depended on Value Line’s high-quality research to make investment decisions. We’re glad to team up with Value Line and Schwab to offer investors a transparent, liquid and cost-effective way to benefit from their time-tested research,” said Brian Jacobs, President of Direxion Investments. ”VLSM gives income-oriented investors the ability to utilize Value Line’s popular ranking systems to potentially improve their risk-adjusted returns. And now that they can obtain access to VLSM through Schwab ETF OneSource, with no trading commissions, the value is even greater.”

Schwab ETF OneSource enables investors to access a large selection of ETFs without having to pay trading commissions and early redemption fees, or meet enrollment requirements. Schwab announced on July 1st that it has added VLSM to the program, which already includes the following ETFs from Direxion Investments:

  • Direxion All Cap Insider Sentiment Shares (KNOW)
  • Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
  • Direxion S&P 500 Index Volatility Response Shares (VSPY)
  • Direxion Zacks MLP High Income Shares (ZMLP)
  • Direxion iBillionaire Index ETF (IBLN)

“We’re excited to be able to expand this program to meet growing investor demand for strategic beta ETFs,” said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. “The addition of VLSM to the Direxion Strategic Beta ETFs available through Schwab ETF OneSource helps us offer the choice and value our clients expect from Schwab.”

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