ProShares Launches Daily 3x and -3x ETFs on NASDAQ-100®, Dow Jones Industrial Average®, S&P MidCap 400TM and Russell 2000®
11 Février 2010 - 3:30PM
Business Wire
ProFunds Group, the world’s largest manager of leveraged and
inverse funds1, announced today that it is launching eight new
ProShares ETFs. A pair of ETFs, one with a daily 3x objective and
one with a daily -3x objective (before fees and expenses), is being
launched on each of the following indexes: the NASDAQ-100®, Dow
Jones Industrial Average®, S&P MidCap 400TM and Russell 2000®.
Three of the pairs will list today on NYSE Arca and one on The
NASDAQ Stock Market®.
With today’s launch, ProShares becomes the first and only ETF
provider offering ETFs with daily 3x and -3x objectives on the
NASDAQ-100, the Dow Jones Industrial Average, the S&P MidCap
400 and the S&P 500. ProShares previously launched ETFs
offering daily 3x and -3x exposure to the S&P 500 in 2009.
ProShares offerings now include 3x and -3x ETFs for each of the
five most traded broad U.S. indexes.2
“Many savvy investors believe that taking advantage of tactical
allocation opportunities will be the key to successful investing in
the near term. These new ETFs provide knowledgeable investors with
additional tools to act on short-term moves in popular U.S.
indexes,” said Michael L. Sapir, Chairman and CEO of ProShare
Advisors LLC, ProShares’ investment advisor.
ProShares
TickerSymbol
Index
Objective(price
movement)*
Exchange New +3x UltraPro
ProShares UltraPro QQQ TQQQ
NASDAQ-100 Index +300% Daily NASDAQ
UltraPro Dow30 UDOW Dow Jones
Industrial Average +300% Daily NYSE
Arca UltraPro MidCap400 UMDD S&P
MidCap 400 Index +300% Daily NYSE Arca
UltraPro Russell2000 URTY Russell 2000
Index +300% Daily NYSE Arca
New -3x UltraPro ProShares UltraPro Short QQQ
SQQQ NASDAQ-100 Index -300% Daily
NASDAQ UltraPro Short Dow30 SDOW
Dow Jones Industrial Average -300% Daily
NYSE Arca UltraPro Short MidCap400 SMDD
S&P MidCap 400 Index -300% Daily
NYSE Arca UltraPro Short Russell2000
SRTY Russell 2000 Index -300% Daily
NYSE Arca
Existing +3x and -3x UltraPro
ProShares UltraPro S&P500 UPRO
S&P 500 Index +300% Daily NYSE Arca
UltraPro Short S&P500 SPXU S&P
500 Index -300% Daily NYSE Arca *Before
fees and expenses
About ProFunds Group
ProShares is part of ProFunds Group, the largest manager of
leveraged and inverse funds and ETFs. ProShares introduced the
first inverse and leveraged ETFs in the U.S. in 2006. Since 1997,
ProFunds mutual funds have provided investors with access to
sophisticated investment strategies. In addition, ProFunds Group
subadvises the Canada-based Horizons BetaPro ETFs.
Most ProShares ETFs and many ProFunds employ leveraged
investment techniques that magnify gains and losses and result in
greater volatility in value. Each Short or Ultra ProShares ETF and
leveraged or inverse ProFund seeks a return that is a multiple or
inverse multiple (e.g., -300%) of the return of an index or other
benchmark (target) for a single day (before fees and
expenses). Due to the compounding of daily returns, ProShares’ and
leveraged and inverse ProFunds’ returns over periods other than one
day will likely differ in amount and possibly direction from the
target return for the same period. Investors should monitor
holdings consistent with their strategies, as frequently as daily.
For more on correlation, leverage and other risks, please read the
ProShares or ProFunds prospectus.
February 11, 2010
All investing involves risk, including the possible loss of
principal. Short ProShares should lose value when their market
indexes rise, and they entail certain risks, including the use of
aggressive investment techniques (futures contracts, options,
forward contracts, swap agreements and similar instruments),
correlation or inverse correlation, leverage and market price
variance risks, all of which can increase volatility and decrease
performance. ProShares are not diversified investments. Narrowly
focused investments typically exhibit higher volatility. ProShares
are designed to meet daily objectives; results over longer periods
may differ. There is no guarantee that any ProShares ETF will
achieve its investment objective.
Carefully consider the investment objectives, risks, charges
and expenses of ProShares and ProFunds before investing. This and
other information can be found in their summary and full
prospectuses. Read them carefully before investing. For ProShares
ETF prospectuses, visit www.proshares.com and seek
advice from your financial adviser or broker/dealer representative.
Financial professionals can also call 866-PRO-5125. For ProFunds
mutual fund prospectuses, call 888-PRO-FNDS (individual investors)
or 888-PRO-5717 (financial professionals), or visit
www.profunds.com.
“NASDAQ-100®” and “The NASDAQ Stock Market®” are trademarks of
the NASDAQ OMX Group, Inc. “S&P 500®” Index and “S&P MidCap
400TM” Index are trademarks of The McGraw-Hill Companies, Inc. “Dow
Jones Industrial AverageSM” is a service mark of Dow Jones &
Company. The Russell 2000® Index is a trademark of the Russell
Investment Group. All have been licensed for use by ProShares.
ProShares ETFs have not been passed on by these entities or their
subsidiaries or affiliates as to their legality or suitability.
ProShares are not sponsored, endorsed, sold or promoted by these
entities or their subsidiaries or affiliates, and they make no
representation regarding the advisability of investing in these
products. THESE ENTITIES AND THEIR SUBSIDIARIES AND AFFILIATES
MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO
PROSHARES.
1 Source: Lipper, based on a worldwide analysis of all of the
known providers of funds in these categories. The analysis covered
ETFs, ETNs and mutual funds by the number of funds and assets (as
of 6/30/2009).
2 Source: Bloomberg.
ProFunds Group includes ProFunds mutual funds and ProShares
ETFs. ProFunds Distributors, Inc., is distributor for ProFunds
mutual funds. ProShares ETFs are distributed by SEI Investments
Distribution Co., which is not affiliated with ProFunds Group or
its affiliates.
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