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Robots are coming for investors in new 3-times leveraged ETF

Direxion, a $13.6 billion money manager, is starting an ETF. Here's what you need to know.

By Rachel Evans | Updated on April 19, 2018
robot man The fund basically is a juiced up alternative to the $2.4 billion Robo Global Robotics & Automation Index ETF, ticker ROBO. (Photo: Shutterstock)

(Bloomberg) –Just when you think an investing idea has reached its saturation point, a new exchange-traded fund comes along that tries to take it to new heights — literally.

In this case it’s robots.

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