Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products April 29, 2010
New ProShares ETFs Offer Exposure to Overseas Indexes
April 29,
2010 (PLANSPONSOR.com) – ProShares has launched U.S. ETFs designed
to provide magnified exposure to indexes covering Europe, Pacific ex-Japan,
Brazil, and Mexico.
Reported by Fred Schneyer
A news release said the four ETFs, which seek 200% of the daily return of their respective indexes before fees and expenses, will be listed on NYSE Arca Thursday.
“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 adviser, in the announcement.
The new offerings include:
ProShares | Ticker Symbol | Index | ||
Ultra MSCI Europe | UPV | MSCI Europe Index | ||
UXJ | MSCI Pacific ex Japan Index | |||
UBR | MSCI Brazil Index | |||
UMX | MSCI Mexico Investable Market Index | |||