ProShares Planning Short, Leveraged Regional Bank ETFs
Wednesday, March 3rd, 2010Michael Johnston submits:
ProShares, a leading provider of inverse and leveraged ETFs, has filed for approval on seven addition ETFs, including four “ultra” international ETFs and three products focusing on a popular regional bank index. The international ETFs complement four existing 200% inverse products, and include:
- Ultra MSCI Brazil: Seeks daily returns equal to 200% of the daily returns on the MSCI Brazil Index.
- Ultra Pacific ex-Japan: Seeks daily returns equal to 200% of the daily returns on the MSCI Pacific ex-Japan Index.
- Ultra MSCI Europe: Seeks daily returns equal to 200% of the daily returns on the MSCI Europe Index.
- Ultra MSCI Mexico Investable Market: Seeks daily returns equal to 200% of the daily returns on the MSCI Mexico Investable Market Index.
In June 2009, ProShares launched UltraShort products that seek to deliver 200% of the inverse of daily returns of the same four indexes. iShares currently offers ETFs designed to replicate the performance of three of these benchmarks, including EWZ (Brazil), EPP (Pacific ex-Japan), and EWW (Mexico). The Vanguard European ETF (VGK) is linked to the MSCI Europe Index.
