ProFunds Group, the ancestor company of the ProShares line of leveraged and inverse ETFs, has upgraded its defense of its products in the dawn of increased observation of their efficiency and news that a number of brokerages (including Edward Jones, Ameriprise, and UBS) have dormant the purchase of such products on behalf of their clients.
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In an open letter on their website, ProShares notes that how these funds execute for periods longer than a day particularly in volatile markets has been thought of as a concern in numerous current press articles. ProShares believes that leveraged funds have been getting a bad rap recently , noting these performance regards have been subject to a great deal of misunderstanding
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