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By Sebastian Stahn and David Cohne: As years go by more and more ETF providers are “born” trying to get on the gravy train. For example the latest newcomer in the European business is Ossiam ETF, a subsidiary of Natixis, which is affiliated to BPCE, France’s second largest banking Read more…
“Leveraged ETFs have found themselves in the regulatory spotlight repeatedly over the last year. Several investors who failed to understand the math behind leveraged ETFs have filed lawsuits Read more…
Notice is hereby given that a class action has been commenced on behalf of all persons who purchased or otherwise acquired shares in the ProShares UltraShort Russell MidCap Value Read more…
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 Read more…
ETF BASIC NEWS, NASDAQ:SQQQ, NASDAQ:TQQQ, NYSE:SDOW, NYSE:SMDD, NYSE:SPXU, NYSE:SRTY, NYSE:UMDD, NYSE:UPRO, NYSE:URTY
ProFunds Group, the world’s largest manager of leveraged and inverse funds, announced today that it is launching two ETFs designed to provide magnified exposure to the U.S. Treasury market Read more…
“Bethesda, Maryland-based ProShares announced on Tuesday that it expects to pay zero 2009 year-end capital gains distributions on all 77 Read more…
PHILADELPHIA–(BUSINESS WIRE)–Berger & Montague, P.C. filed a class action lawsuit on September 25, 2009 in the United States District Court for the Southern District of New York, on behalf of all persons who purchased shares in the UltraShort Financials ProShares Fund (SKF) (the “SKF Fund”) Read more…
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of all persons who purchased or otherwise acquired shares in the UltraShort Financials ProShares fund (the “SKF Fund”) (SKF), an exchange-traded fund (“ETF”) offered by ProShares Read more…
Neil Anderson, writing for the mutualfundwire, is reporting that the Law Office of Howard G Smith “threw its hat into the fight” against ProShares Ultra Short Real Estate ETFs (SRS). According to Neil, the lawsuit claims a “false and misleading Read more…
The following is taken from the ProShares website, and the original can be found: HERE
Leveraged and inverse funds, designed to pursue a multiple, or inverse multiple, of an index or benchmark on a daily basis, have grown in number and popularity in recent years. As the leading manager of these funds1, we feel Read more…
Just a few short weeks ago, on July 14th, Proshares came out with the ETF industry’s first 130/30 ETF that was designed to to track the Credit Suisse 130/30 Large-Cap Index (Ticker: CSM). (you can find the Proshares story: HERE) It appears that Direxion is looking to follow suit with their own Read more…
Secretary of State William Galvin of Massachusetts’s has launched a formal review of the sales practices of leveraged exchange-traded funds (ETF’s) which are designed to magnify the market’s daily performance. Galvin says he’s concerned about the returns and costs of the increasingly popular financial products. Read more…
From JP Morgan Press Release
NEW YORK, July 1, 2009 – J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by ProShares, part of ProFunds Group, to service its eight newly launched international exchange traded funds (ETFs). J.P. Morgan WSS already provides custody, fund accounting and fund administration for 64 of ProShares’ equity and fixed income ETFs with total assets of $25 billion. ProShares ETFs serviced by Read more…
The world of leveraged ETF’s has been heating up as Proshares has launched their two new triple ETF’s. Direxion a competing sponsor already has several leveraged products in this field. The triple leveraged products have become extremely popular to investors, as it allows them to trade with leverage at a low expense. Read more…
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