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Jim Trippon
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Jim Trippon is an Amazon.com bestselling business and finance author, a practicing CPA, and a fee based investment advisor. His portfolio of companies includes J.M. Trippon & Company CPA, Trippon Wealth Management & Trippon Financial Publishing. Jim has dedicated his business career to... More
My company:
Trippon Financial Research, Inc.
My blog:
Global Profit$ Alert
My book:
Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You!
  • ProShares To Launch Five New ETFs  0 comments
    Mar 15, 2010 4:46 PM | about stocks: FXI, FXP, CYXI, REK, SBM
    ProShares To Launch Five New ETFs
    ProShares To Launch Five New ETFs
    About: ProShares ETF, ProShares, Nasdaq Biotechnology Index, Ultra Nasdaq Biotechnology ETF, UltraShort Nasdaq Biotechnology ETF, ProShares Short FTSE/Xinhua China 25, FTSE/Xinhua China 25 Index (NYSE: FXI), China-specific ETF, UltraShort FTSE/Xinhua China25 Proshares (NYSE: FXP), ProShares Short Real Estate ETF, Dow Jones U.S. Real Estate Index, the ProShares Short Basic Materials ETF, Dow Jones U.S. Basic MaterialsSM Index
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    ProShares, the largest issuer of inverse and leveraged exchange traded funds, is following up on its recent announcement of plans for seven new leveraged and inverse ETFs by announcing plans for five more related products. Combined, the two recent product announcements will take ProShares' ETF inverse and leveraged ETF over 100 products.

    ProShares will introduce bullish and bearish ETFs that track the Nasdaq Biotechnology Index. The Ultra Nasdaq Biotechnology ETF is a double leveraged bullish play while the UltraShort Nasdaq Biotechnology ETF is the double leveraged bearish equivalent. Tickers for these ETFs were not disclosed.

    The ETF issuer will also introduce the ProShares Short FTSE/Xinhua China 25, which will trade under the ticker "YXI." YXI will seek results that correspond to the daily inverse performance of the popular FTSE/Xinhua China 25 Index (NYSE: FXI), the most heavily traded China-specific ETF. ProShares already issues the UltraShort FTSE/Xinhua China25 Proshares (NYSE: FXP), which is double leveraged inverse play on FXI. YXI is not leveraged.

    ProShares will also introduce the ProShares Short Real Estate ETF, which will trade under the ticker “REK.” REK will track the daily inverse performance Dow Jones U.S. Real Estate Index. Basic materials is the next stop for ProShares, which plans to introduce the ProShares Short Basic Materials ETF. This ETF will trade under the ticker “SBM” and attempt to deliver the deliver inverse performance of the Dow Jones U.S. Basic MaterialsSM Index. REK and SBM are not leveraged.

    For more information about The ETF Profit Report, visit http://www.etfprofitreport.com.

    Committed to your ETF Profits,

    Jim Trippon
    Editor
    The ETF Profit Report



    Disclosure: no positions
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