MutualFundWire.com: ProShares Debuts Eight ETFs
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Friday, February 12, 2010

ProShares Debuts Eight ETFs


Eight new ProShares ETFs hit the market Tuesday. The funds come in four pairs of two corresponding daily 3x and -3x objective ETFs, each seeking returns of 300 and -300 percent, respectively, of the return of an index for a single day, according to a release.

Michael Sapir
ProFunds
Chairman and CEO
The new +3x funds include:
  • UltraPro QQQ
  • UltraPro Dow 30
  • UltraPro MidCap400
  • UltraPro Russell2000
    •
    The new -3x funds include:

  • UltraPro Short QQQ
  • UltraPro Short Dow 30
  • UltraPro Short MidCap400
  • UltraPro Short Russell2000
    •
    All of the ETFs carry a 95 basis points expense ratio. The funds are advised by ProShares Advisors.

    Three of the fund pairs trade on the NYSE Arca and the UltaPro QQQ pair trades on the NASDAQ.


    Printed from: MFWire.com/story.asp?s=24166

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