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   And the ECB cut rates, yet again |
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                               <a class="text-blackLight no-underline font-extrabold" style="font-weight: 800; color: #3C4857; text-decoration: none;">
                                TOGETHER WITH
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                   Hi Sarah, here's what you need to know for
                   <strong>
                    June 6th
                   </strong>
                   in
                   <strong>
                    3:14 minutes
                   </strong>
                   .
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                     Deliveroo’s new drone service took off in Dublin, offering food delivery via air in as little as three minutes
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                     How to buy in on one of Buffett’s favorite bets: Japan’s sogo sosha –
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                      Read Now
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                     The European Central Bank made its eighth interest rate cut in a year, as trade tensions weigh on the bloc’s economy
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                     🎁 'Tis
                     <i>
                      not
                     </i>
                     the season – but December shouldn't be the only month for fun and frivolous presents. Answer our quick brand awareness survey, and you'll be entered into a draw to win free Finimize merch.
                     <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                      Fill it in here
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              <span class="text-heading1 text-black font-black" style="font-weight: 900; color: #283444; font-size: 24px;">
               A Takeout... Takeoff
              </span>
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              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
              </p>
              <p data-block-key="rkypu" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="c1mcd" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Deliveroo just launched its first-ever drone food delivery service in Dublin, promising to zip takeout orders from restaurant to doorstep in as little as three minutes.
              </p>
              <p data-block-key="ovj0" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="dn6hk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The (unpiloted) pilot program is taking off in a part of Dublin where traffic and delays make old-school delivery on wheels tricky. Deliveroo’s drones will fly at nearly 50 miles per hour, and then slow down to gently drop meals onto lawns or driveways via biodegradable tethers – "Mission: Impossible" style. The initial trial will whiz eats from a handful of restaurants to customers within a two-mile radius only, but it could still reach up to 150,000 people. And if all goes well, Deliveroo’s hoping to expand into groceries and more – perhaps in other countries, too.
              </p>
              <p data-block-key="1oaev" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="5ci7l" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 The bigger picture:
                </i>
               </b>
               <i>
                The bots are here – and they brought dinner.
               </i>
              </p>
              <p data-block-key="2o658" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Flying burritos are a headline-grabber, but the real story is what’s happening on the ground. Physical AI – from humanoid healthcare workers to the robotic arms that pack your ecommerce orders – is quietly reshaping how stuff gets moved and made. The implications of that go way beyond delivery. See, if machines can undercut human labor costs, manufacturing might boomerang back to higher-wage countries. And that would fundamentally change global supply chains as we know them.
              </p>
              <p data-block-key="26lbr" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For markets:
                </i>
               </b>
               <i>
                The unexpected AI winners.
               </i>
              </p>
              <p data-block-key="f2jk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Forget advanced chips: the next AI boom could belong to… auto parts suppliers. They’ve spent decades perfecting sensors, control units, and safety systems for cars, and now those same parts are – conveniently – exactly what humanoid robots need. As AI moves off the screen and into the real world, companies like Aptiv, Mobileye, and Harmonic Drive are suddenly sitting on the components that make bots see, walk, and respond. Morgan Stanley’s even calling it their second act: a chance for these firms to ditch their rusty old images and become part of the AI wave.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
              </p>
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               <b>
                You might also like:
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                Humanoids are coming and this overlooked stock could be their Nvidia
               </a>
               .
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/a-takeout-takeoff
                  </a>
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                         <span style="font-family: Helvetica, Arial, sans-serif; font-size: 12px; font-weight: bold; color: #E6F14A; display: inline-block;">
                          FROM OUR RESEARCH DESK
                         </span>
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                         <h2 style="font-weight: 700; line-height: 1.25; margin-bottom: 16px; font-size: 24px; color: #FFFFFF; margin: 0 0 4px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                          How To Invest (Like Buffett) In Japanese Trading Stocks
                         </h2>
                         <p style="line-height: 1.5; margin-top: 0; margin-bottom: 16px; font-family: Helvetica, Arial, sans-serif; font-size: 14px; color: #FFFFFF; margin: 0;">
                          Russell Burns
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                    <td style="padding: 8px 32px 0 0;">
                     <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                      <img alt="How To Invest (Like Buffett) In Japanese Trading Stocks" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FInsight-050625-BuffetJapan.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D05c34cdc4e79a4d443c599cc7284716e/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NDkxNjExMDQuNDQxNzYxN30:1uNIhs:dfBC6UbjBE1Lta5CZohx-T-yinwn9px9dm9BNfsS-Pk" style="max-width: 300px; border-radius: 4px;" width="300"/>
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                   <tr>
                    <td class="premium-story-text" style="padding-top: 24px;">
                     <p data-block-key="xjbe2" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      Warren Buffett may be ready to give up the corner office at
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       Berkshire Hathaway
                      </a>
                      , but there are some things that the Oracle of Omaha just won’t part with.
                     </p>
                     <p data-block-key="8ensi" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      And that includes the five
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       Japanese trading giants
                      </a>
                      known as
                      <i>
                       sogo sosha
                      </i>
                      .
                     </p>
                     <p data-block-key="215nm" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      While Buffett and Berkshire have been trimming their
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       US stocks
                      </a>
                      , they’ve held those Japanese trading companies close.
                     </p>
                     <p data-block-key="4l8cr" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      As
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       Buffett himself
                      </a>
                      put it, “In the next 50 years… we won’t give a thought to selling those.”
                     </p>
                     <p data-block-key="5j036" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      That’s today’s Insight:
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       how to buy in on one of Buffett’s favorite bets – Japan’s sogo sosha
                      </a>
                      <i>
                       .
                      </i>
                     </p>
                     <p data-block-key="5fnv4" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; color: #fff;">
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       <b>
                        Read or listen to the Insight here
                       </b>
                      </a>
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                  <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
                   <h4 data-block-key="2t5l4" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; color: #171E27; font-size: 20px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                    Two sectors that can disproportionately outperform after tax cuts – and tools you could use to back them
                   </h4>
                   <p data-block-key="ed8br" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     Corporate tax cuts
                    </a>
                    can disproportionately benefit
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     small companies
                    </a>
                    .
                   </p>
                   <p data-block-key="13bh8" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                    With their sights set on building an impactful brand, reliable client base, and consistent cash flow, they’re likely to reinvest their savings into hiring, expansion, or innovation.
                   </p>
                   <p data-block-key="283mh" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                    Investors know that – so often, they buy into
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     small-cap stocks
                    </a>
                    in anticipation of (or soon after) corporate tax cuts.
                   </p>
                   <p data-block-key="9uivt" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     Industrial companies
                    </a>
                    see a similar effect. When taxes come down, they can better fund expansion, automation, and efficiency upgrades, aimed at increasing productivity and profitability.
                   </p>
                   <p data-block-key="av4rk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                    Of course, searching for specific stocks is a headache. So if you think corporate tax reforms will move the needle, you might like the look of
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     Direxion’s Daily Leveraged and Inverse ETFs instead
                    </a>
                    .
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                    You could consider a leveraged or inverse position on small-cap stocks with
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                     TNA or TZA
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                    , or bet on industrials with
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     DUSL
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                    .
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              <span class="text-heading1 text-black font-black" style="font-weight: 900; color: #283444; font-size: 24px;">
               Quarter-Pounder
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               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="ap975" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The European Central Bank (ECB) punched its key interest rate down for the
               <i>
                eighth
               </i>
               time in the last year, dropping it another quarter-point to just 2%.
              </p>
              <p data-block-key="3kej1" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="a7c84" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Inflation’s cooled in Europe, and the ECB’s pretty confident it’ll stay that way. Policymakers expect prices to rise just 1.6% next year – safely below their 2% target. That gives the central bank room to shift its focus to Europe’s sluggish growth and the uncertainty emanating from the US president’s tariff tirade.
              </p>
              <p data-block-key="87ffk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Here’s the thing: the latest rate cut has only widened the gap between Europe’s key rate and America’s. Normally, that’d push the euro down and lift the dollar, as folks chase the higher yields that American government bonds offer over European ones. But not this time. The euro’s rallied almost 10% against the dollar, with global investors rattled by America’s towering debt load and political climate. And that stronger euro is partly to thank for keeping European inflation low.
              </p>
              <p data-block-key="5enmm" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="fck6m" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 Zooming out:
                </i>
               </b>
               <i>
                Gold, whop-whop-whop.
               </i>
              </p>
              <p data-block-key="d9o16" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Across the pond, US consumer prices have been heating up again. And economists think the president’s tax bill could add another 0.4 percentage points to inflation this year
               <i>
                and
               </i>
               next. Not to mention another $2.4 trillion to the country’s debt pile by 2034. All of that has sent investors running for safety, pushing gold prices up 28% this year.
              </p>
              <p data-block-key="d6b7t" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 The bigger picture:
                </i>
               </b>
               <i>
                Let’s be franc.
               </i>
              </p>
              <p data-block-key="936gr" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               In Switzerland, inflation dropped from too high to far too low – dipping into negative territory for the first time in four years. And traders are betting that Swiss interest rates could soon go below zero, too. Even so, the Swiss franc has been rising: it’s climbed nearly 10% against the dollar this year – another sign that investors are pulling back from American assets in favor of steadier ground. Currency moves aren’t always straightforward, but this shift is ringing loud and clear.
              </p>
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               <b>
                You might also like:
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               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                Europe’s stocks are crushing It. The question is whether that can last
               </a>
               .
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                  <strong>
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                  “Definitions belong to the definers, not the defined.”
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                  <h4 data-block-key="koztx" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; color: #171E27; font-size: 20px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                   <b>
                    Your instinct might be to retreat when markets turn especially volatile.
                   </b>
                  </h4>
                  <p data-block-key="4hg0p" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                   But patience can pay off. After all, you won't get a heads up before the market’s best days arrive – and missing them can cost you big time.
                  </p>
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                   <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                    Baillie Gifford’s Scottish Mortgage Investment Trust
                   </a>
                   is very familiar with this notion: the fund has weathered more than a century of market cycles by
                   <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                    continually backing companies with the potential to reshape industries
                   </a>
                   – from disruptive innovators to global growth leaders.
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                      Find Out More
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                <td align="left" class="content disclaimer" style="font-size:0px;padding:32px 0 0;word-break:break-word;">
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                   <i>
                    Your capital is at risk. The Scottish Mortgage Investment Trust is managed by Baillie Gifford &amp; Co Limited. Baillie Gifford &amp; Co and Baillie Gifford &amp; Co Limited are authorised and regulated by the Financial Conduct Authority (FCA). The investment trusts managed by Baillie Gifford &amp; Co Limited are listed on the London Stock Exchange and are not authorised or regulated by the FCA. A Key Information Document is available by visiting
                   </i>
                   <a style="font-weight: 500; font-size: 12px; color: #9FA1A5; text-decoration: underline;">
                    <b>
                     scottishmortgage.com
                    </b>
                   </a>
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                   When you support our sponsors, you support us. Thanks for that.
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                   If you want your brand featured here,
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                    get in touch.
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                        🎯 On Our Radar
                       </p>
                       <p data-block-key="wnzwo" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        1.
                        <b>
                         Ice, ice, maybe.
                        </b>
                        Paris’ hottest cocktail bar is
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         an ice-free zone
                        </a>
                        .
                       </p>
                       <p data-block-key="eli50" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        2.
                        <b>
                         Ready, set, no.
                        </b>
                        AI scammers and the
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         future no one is prepared for
                        </a>
                        .
                       </p>
                       <p data-block-key="569uk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        3.
                        <b>
                         It’s not who you know, it’s what you know.
                        </b>
                        You don’t need to be in the inner circles to
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         invest in private assets
                        </a>
                        anymore.
                       </p>
                       <p data-block-key="2apno" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        4.
                        <b>
                         To Avios or not to Avios.
                        </b>
                        Here’s
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         whether airline loyalty schemes are worth it
                        </a>
                        .
                       </p>
                       <p data-block-key="e7ern" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
                        5.
                        <b>
                         Thanks for nothing, bots.
                        </b>
                        AI is
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         replacing women’s jobs
                        </a>
                        at a faster rate than men’s.
                       </p>
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                        🌏 Finimize Live
                       </p>
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                         <img alt="MIS2025" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FMIS25-SpeakerAnnouncement-email-1000x500.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D797ed67bf5b5c95104b001273fc12811/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NDkxNjExMDQuNDg0NjA4Mn0:1uNIhs:o0XG-oFlwgnNkVJeguh0bRuB8NZcTB0F7GM8l2Nu5IY" width="100%"/>
                        </h4>
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                 <td align="left" class="content disclaimer" style="font-size:0px;padding:32px 0 0;word-break:break-word;">
                  <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
                   <p data-block-key="1uztt" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    Direxion's disclaimers:
                   </p>
                   <p data-block-key="lt8g" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; font-size: 12px; color: #9FA1A5;">
                    <b>
                     An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing.
                    </b>
                    <br/>
                    <br/>
                    A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares.
                    <a style="font-weight: 500; font-size: 12px; color: #9FA1A5; text-decoration: underline;">
                     Click here to obtain a Fund’s prospectus and summary prospectus or call 866-476-7523
                    </a>
                    . 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.
                    <br/>
                    <br/>
                    <b>
                     Direxion Shares ETF Risks —
                    </b>
                    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, sector or company, which can increase volatility. The leveraged and inverse ETF utilize derivatives, such as futures contracts and swaps which are subject to market risks that may cause their price to fluctuate over time. The leveraged and inverse ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index or underlying security for periods other than a single day. The leveraged and inverse ETFs may also subject to leverage, correlation, daily compounding, market volatility and risks specific to an industry, sector or company. The non-leveraged ETFs are subject to certain risks, including imperfect index correlation and market price variance, which may decrease performance. The non-leveraged ETFs may invest in a relatively small number of issuers and, as a result, be subject to greater risk of loss with respect to its portfolio securities. The non-leveraged ETFs may experience greater fluctuation in its net asset value as compared to other investments. The non-leveraged ETFs may be appropriate for investors with a long-term investment time horizon, who primarily seek capital growth, and who are able to tolerate periods of prolonged price declines. Please read each ETF’s prospectus for a more complete description of the investment risks. There is no guarantee that an ETF will achieve its investment objective.
                    <br/>
                    <br/>
                    <b>
                     Distributor:
                    </b>
                    ALPS Distributors, Inc.
                    <br/>
                    <br/>
                    Finimize is unaffiliated with Direxion or ALPS Distributors, Inc.
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