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Michael L Sapir, Chairman and CEO of ProShare Advisors LLC

ProShares launches first ETFs providing magnified exposure to high yield and investment grade corporate bond markets

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ProShares has launched the first ETFs that provide magnified exposure to the high yield and investment grade corporate bond markets.

ProShares Ultra High Yield (NYSE: UJB) seeks to provide 2x the daily performance of the Markit iBoxx $ Liquid High Yield Index, before fees and expenses, while ProShares Ultra Investment Grade Corporate (NYSE: IGU) seeks to provide 2x the daily performance of the Markit iBoxx $ Liquid Investment Grade Index, before fees and expenses. Both ETFs list on NYSE Arca today.

"On the heels of launching the first inverse ETFs on the high yield and investment grade corporate bond markets, we are pleased to offer the first leveraged ETFs on these segments of the fixed income landscape," says Michael L Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. "With today’s launch, knowledgeable investors now have an even larger suite of geared ETFs to help manage their exposures to high yield and investment grade corporate bonds."

ProShares launched the first inverse high yield bond ETF, ProShares Short High Yield (NYSE: SJB), and the first inverse investment grade corporate bond ETF in the United States, ProShares Short Investment Grade Corporate (NYSE: IGS), in the past month.

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