Rochester, NY 8/21/2009 8:48:40 PM
UltraShort MSCI Emerging Mkts ProShares, EEV - ProShares Will Soon Launch ETF Providing Short Exposure to Long-Term Treasury Bonds
UltraShort MSCI Emerging Mkts ProShares
ProFunds Group, the world’s largest manager of leveraged and inverse funds, recently announced that it is launching an ETF designed to provide short exposure to the market for long-term U.S. Treasury bonds. ProShares Short 20+ Year Treasury is built to produce 100% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index for a single day, excluding fees and expenses.
“This new ETF is a useful addition to our two ProShares ETFs currently offering short exposure to the U.S. Treasury market—the ProShares UltraShort 7-10 Year and UltraShort 20+ Year Treasury funds,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “We are introducing this new ProShare in direct response to strong investor demand for a single beta2 short treasury fund.”
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