ProShares, a manager of leveraged and inverse exchange-traded funds is launching the first ETFs in the US designed to provide magnified exposure to indexes covering Europe, Pacific ex-Japan, Brazil and Mexico.
The four ETFs, which seek 200 per cent 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 US investors new ways to obtain magnified exposure to these widely followed regions and countries,” says Michael L. Sapir (pictured), chairman and chief executive of ProShare Advisors. “We are pleased to provide investors with valuable tools to act on their views.”
The funds are: Ultra MSCI Europe; Ultra MSCI Pacific Ex-Japan; Ultra MSCI Brazil; and Ultra MSCI Mexico Investable Market.