ProShares Announces Seven New Inverse & Leveraged ETFs
ProShares, the largest issuer of inverse and leveraged exchange traded funds, has filed plans to launch seven new ETFs, four of which will be the double leveraged bullish equivalents of inverse international ETFs the company already offers.
Those ETFs include the Ultra MSCI Brazil ETF, the Ultra MSCI Pacific ex-Japan ETF, the Ultra MSCI Europe ETF and the Ultra MSCI Mexico Investable Market ETF. ProShares currently issues four inverse equivalents of those ETFs.
They are the following: The UltraShort MSCI Brazil ProShares ETF (NYSE: BZQ), the UltraShort MSCI Mexico Invstable Market ProShares ETF (NYSE: SMK), the UltraShort MSCI Pacific ex-Japan ProShares ETF (NYSE: JPK)and the UltraShort MSCI Europe ProShares ETF (NYSE: EPV).
The other three ETFs ProShares is planning to launch are Ultra KBW Regional Banking ETF, the UltraShort KBW Regional Banking ETF and the Short KBW Regional Banking ETF.
Trading symbols for the new ETFs weren't disclosed. The expense ratio for the international ETFs and the long banking ETF will be 0.95%.
The expense ratios for the short banking ETF weren't disclosed. ProShares currently offers 92 inverse and leveraged ETFs.
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