By Jason Neault
The biggest name in short and leveraged funds has released a new group of ETFs, with the promise of more to come. Having wide success with their more traditional style and sector leveraged and short funds, ProShares has now launched a series of double long and double short currency funds, covering the Yen and Euro, as well as two natural resource funds, covering the DJ-AIG commodity, and DJ-AIG crude oil indexes. Similar funds from other sponsors are already trading, but I doubt ProShares will have any problems gaining attention with their new ETFs. Here is a rundown of the new funds that ProShares now offers:
- (ULE) – Ultra Euro
- (EUO) – UltraShort Euro
- (YCL) – Ultra Yen
- (YCS) – UltraShort Yen
- (UCD) – Ultra DJ-AIG Commodity
- (CMD) – UltraShort DJ-AIG Commodity
- (UCO) – Ultra DJ-AIG Crude Oil
- (SCO) – UltraShort DJ-AIG Crude Oil
Although trading in these new ETFs is currently light, expect more liquidity in the coming months as more investors and traders become aware of these new funds, much like the launch of the other very popular ProShares ETFs. Four additional funds for gold and silver prices are also in the works, both double long and double short. As for the expense ratios for these newly launched ETFs, they are listed at 95 basis points, which is similar to most of their funds.
Disclosure: no positions
