|
ProShares Launches First Short Treasury Bond ETFs
May 2, 2008
SAN DIEGO– (ETFguide.com) - ProFunds Group announced the launch of two new UltraShort ProShares ETFs.
The ProShares UltraShort Lehman 7-10 Year Treasury (Ticker: PST) and ProShares UltraShort Lehman 20+ Year Treasury (Ticker: TBT) will be the first ETFs designed to go up when U.S. Treasury bond prices fall.
ProShares, which introduced short ETFs to the marketplace in 2006, now offers 38 Short ProShares across a wide range of asset classes, sectors and investment styles.
ProShares short Treasury ETFs provide a way to hedge away some of the uncertainty about the Treasury market—or seek profit if Treasury prices fall.
"These new ProShares make it easier than ever to gain short exposure to intermediate- or long-term Treasury prices," said Michael Sapir, ProShares’ chairman. "It's as simple as buying an ETF."
Both new ETFs will be traded on the AMEX.
ETFs providing long Treasury exposure are:
iShares Lehman 20+ Year Treasury Bond Fund (Ticker: TLT)
iShares Lehman 7-10 Year Treasury Bond Fund (Ticker: IEF)
iShares Lehman 3-7 Year Treasury Bond Fund (Ticker: IEI)
Top 5 Most Popular Articles:
Is The Correction In Commodities Over?
Why Consumers Aren't Consuming
Are ETFs Killing Mutual Funds?
Finding The Right ETF Made Easy
The Correlation Between The Economy, Commodities & The US Dollar |
