ProShares, the leading manager of leveraged and inverse ETFs, and KBW, the largest full-service investment bank specializing in the financial services sector, announced the launch of the first ETFs providing leveraged or inverse exposure to the regional banking sector.
The ETFs from this duo seek to provide 200% or -100% of the return of the KBW Regional Banking Index for a single day, before fees and expenses. The KBW Regional Banking Index, the most widely used benchmark for U.S. regional banking stocks, was created and is managed by KBW.
The new ProShares ETFs are:
Remember the long-short ETFs are not intended as long-term investments, and need to be monitored on a daily basis. They are also recommended for use by experienced investors.