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ProShares offers short exposure to long-term treasury bonds

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ProFunds Group, a manager of leveraged and inverse funds, is launching an exchange-traded fund designed to provide short exposure to the market for long-term US treasury bonds.

ProFunds Group, a manager of leveraged and inverse funds, is launching an exchange-traded fund designed to provide short exposure to the market for long-term US treasury bonds.

ProShares Short 20+ Year Treasury is built to produce 100 per cent of the inverse performance of the Barclays Capital 20+ Year US Treasury Index for a single day, excluding fees and expenses.

The index measures the performance of US Treasury bonds with maturities of 20 years or greater.

The new ETF is listed on NYSE Arca.

‘This new ETF is a useful addition to our two ProShares ETFs currently offering short exposure to the US Treasury market-the ProShares UltraShort 7-10 Year and UltraShort 20+ Year Treasury funds,’ says Michael L. Sapir, ProFunds Group chairman and chief executive. ‘We are introducing this new ProShare in direct response to strong investor demand for a single beta short treasury fund.’

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