U.S. asset manager Direxion is considering a leveraged ETF targeting twice the daily performance of the MSCI Korea 25/50 Index, which includes large- and mid-cap South Korean companies such as Samsung Electronics. The proposed fund would use the same benchmark as Direxion’s existing 3x KORU ETF but lower the leverage to 2x, potentially offering a less volatile alternative for investors bullish on South Korean equities. Direxion has not finalized the launch date or ticker. South Korean investors net bought $244.82 million, or about 330 billion won, of KORU through Sept. 8, ranking it 24th among U.S. stocks and ETFs purchased by them. Direxion has also filed for 2x long and inverse Anthropic products, while Rex Shares, Tuttle Capital and Leverage Shares have submitted related proposals. Anthropic’s IPO is expected between late September and October.