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Non-Tech : All Industries Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Oblivious who wrote (9935)

7/12/2012 9:21:04 AM

From: Oblivious

Read Replies (1) | Respond to of 13719

ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today the launch of ProShares UltraPro Financials (NYSE:FINU) and ProShares UltraPro Short Financials (NYSE:FINZ). The ETFs list on NYSE Arca today.

FINU seeks to provide 3x the daily performance of the Dow Jones U.S. Financials IndexSM, before fees and expenses. FINZ seeks to provide -3x the daily performance of the Dow Jones U.S. Financials IndexSM, before fees and expenses. "Financials have been one of the most dynamic parts of the market and many investors are seeking to manage risk or potentially take advantage of moves by the sector," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "Our existing geared financial ETFs have raised more than $1 billion1 of assets and we are pleased to offer additional ways for investors to manage their exposure to this important market segment."

The introduction of FINU and FINZ expand ProShares’ lineup of geared financial ETFs to five. ProShares offers the nation’s largest lineup of alternative ETFs2 which includes the world’s largest family of geared ETFs3 with assets of nearly $22 billion.

New financial sector ETFs:
ProShares	Ticker	Benchmark	Daily Objective
UltraPro Financials	FINU	Dow Jones U.S. Financials Index	3x
UltraPro Short Financials	FINZ	Dow Jones U.S. Financials Index	-3x

Existing financial sector ETFs:
ProShares	Ticker	Benchmark	Daily Objective
Ultra Financials	UYG	Dow Jones U.S. Financials Index	2x
UltraShort Financials	SKF	Dow Jones U.S. Financials Index	-2x
Short Financials	SEF	Dow Jones U.S. Financials Index	-1x