ProShares has launched two new ETFs that provide inverse exposure to the US Treasury market on NYSE Arca.
The ProShares UltraShort 3-7 Year Treasury (NYSE: TBZ) is the first ETF in the United States to provide inverse exposure to the 3-7 year segment of the US Treasury market. TBZ seeks to provide -2x the daily performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index, before fees and expenses.
The ProShares Short 7-10 Year Treasury (NYSE: TBX) seeks to provide -1x the daily performance of the Barclays Capital US 7-10 Year Treasury Bond Index, before fees and expenses.
“Our lineup of inverse bond ETFs has been extremely popular, garnering more than USD7 billion of assets since launching less than three years ago,” says Michael L Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. “We are pleased to add two additional ETFs to the set of tools available to investors concerned about a possible pullback in bonds.”
TBZ and TBX bring ProShares’ lineup of inverse bond ETFs to eight. Six of the eight ETFs are benchmarked to a Treasury bond index. One is benchmarked to a high yield bond index (NYSE: SJB) and one to an investment grade bond index (NYSE: IGS). SJB and IGS both launched in the past two weeks.