Bringing you live news and features since 2006 

Biotechnology

ProShares launches leveraged and inverse biotechnology ETFs

RELATED TOPICS​

ProShares is launching the first exchange-traded funds with leveraged and inverse exposure to the biotechnology sector.

The ETFs seek to provide 200 per cent or -200 per cent of the return of the Nasdaq Biotechnology Index for a single day.

The index is the most widely used benchmark for US biotechnology stocks.

The new ProShares ETFs, Ultra Nasdaq Biotechnology and UltraShort Nasdaq Biotechnology, will list on The Nasdaq Stock Market today.

"We’re pleased to provide investors with ProShares ETFs benchmarked to the most popular biotech index," says Michael L. Sapir, chairman and chief executive of ProShare Advisors, ProShares’ investment adviser. "Many investors have strong opinions on the biotech industry, and these ETFs provide them with leveraged or inverse exposure to the sector to help them act on their views."

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by