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ProShares Launches 4 Leveraged International ETFs
April 30, 2010
SAN DIEGO (ETFguide.com) – ProShares added four new ETFs that offer magnified exposure to stock indexes covering Europe, Pacific ex-Japan, Brazil and Mexico.
The leveraged long ETFs aim for 200% of the daily return of their respective indexes, before fees and expenses.
The funds are as follows:
--Ultra MSCI Europe (NYSEArca: UPV)
--Ultra MSCI Pacific Ex-Japan (NYSEArca: UXJ)
--Ultra MSCI Brazil (NYSEArca: UBR)
--Ultra MSCI Mexico (NYSEArca: UMX)
Each of the above listed ETFs is now paired with a ProShares ETF that aims for 200% daily inverse or opposite performance on the same underlying indexes. These funds include the ProShares UltraShort MSCI Europe (NYSEArca: EPV), UltraShort MSCI Pacific Ex-Japan (NYSEArca: JPX), UltraShort MSCI Brazil (NYSEArca: BZQ) and the UltraShort MSCI Mexico (NYSEArca: SMK).
Including the four newly introduced funds, ProShares now offers 19 leveraged and inverse ETFs benchmarked to a wide variety of international regions and countries.
"The ETFs we're launching offer U.S. investors new ways to obtain magnified exposure to these widely-followed regions and countries," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to provide investors with valuable tools to act on their views."
According to the prospectus, the ProShares funds will charge annual expenses of 0.95%. |