"ProShares Launches First ETFs to Provide Triple Exposure to S&P 500®
- Press Release
- Source: ProFunds Group
- On Thursday June 25, 2009, 10:17 am EDT
“The S&P 500 has the largest following in the ETP industry with nearly $90 billion of assets benchmarked to it,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “As the leader in short and leveraged ETFs, we are committed to giving investors more choices to manage risk and pursue returns.”
ProShares now offers five ETFs benchmarked to the S&P 500:
| ProShares | Ticker | Index | Objective* | |||
| New UltraPro ProShares | ||||||
| UltraPro S&P500 | | UPRO | | S&P 500 | | 300% Daily |
| UltraPro Short S&P500 | | SPXU | | S&P 500 | | -300% Daily |
| Existing ProShares Benchmarked to S&P 500 | ||||||
| Ultra S&P500 | | SSO | | S&P 500 | | 200% Daily |
| Short S&P500 | | SH | | S&P 500 | | -100% Daily |
| UltraShort S&P500 | | SDS | | S&P 500 | | -200% Daily" |
Cause that's what we need... More leverage.
-KD
1 comment:
hmm...daily return levered ETF's? triple geared? calling all day traders to get a piece of zero-alpha return! there may be a correlation between SKF held and h.f. redemptions. this product is not suitable for investors that don't waste oxygen.
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