MutualFundWire.com: ProShares Magnifies Its European Exposure
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Thursday, April 29, 2010

ProShares Magnifies Its European Exposure


ProShares launched four unique new exchange-traded funds (ETFs) which magnify the returns of foreign indexes.

The Ultra MSCI Europe, Ultra MSCI Pacific Ex-Japan, Ultra MSCI Brazil and the Ultra MSCI Mexico Investable Market all seek a 200 percent magnification of their respective index. The new offerings, which trade on the NYSE Arca, complement four existing ProShares ETFs that provide inverse exposure to the international indexes.

The funds have an expense ratio of 95 basis points, according to an SEC filing.
Company Press Release

Bethesda, MD, April 29, 2010 — ProShares, the leading manager of leveraged and inverse ETFs,1 announced today that it is launching the first ETFs in the United States designed to provide magnified exposure to indexes covering Europe, Pacific ex-Japan, Brazil and Mexico. The four ETFs which seek 200% of the daily return of their respective indexes, before fees and expenses, will be listed on NYSE Arca today.

The new ETFs complement existing ProShares ETFs that provide inverse exposure to the four international indexes. With today's launch, ProShares now offers 19 leveraged and inverse ETFs benchmarked to a wide variety of international regions and countries.

"The ETFs we're launching today offer U.S. investors new ways to obtain magnified exposure to these widely-followed regions and countries," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to provide investors with valuable tools to act on their views."


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