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ProShares launches four short international ETFs

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ProFunds Group is launching four more short international exchange-traded funds.

ProFunds Group is launching four more short international exchange-traded funds.

The new ProShares are the UltraShort MSCI Europe, the UltraShort MSCI Pacific ex-Japan, the UltraShort MSCI Brazil and UltraShort MSCI Mexico Investable Market.

The ETFs are designed to go up when markets go down in Europe, the Pacific ex-Japan region, Brazil and Mexico.

They will be listed on NYSE Arca.

‘ProShares now offers a large selection of 14 ETFs that offer short or leveraged exposure to a variety of regions and countries,’ says Michael L. Sapir, ProFunds Group chairman and chief executive. ‘With this broad line-up, investors can make tactical shifts as conditions change in markets around the world.’

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