ProShares UltraPro Short Financials (NYSEARCA: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 expands 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 ETFs,3 with assets of nearly $22 billion.
New financial sector ETFs:
|UltraPro Financials||FINU||Dow Jones U.S. Financials Index||
|UltraPro Short Financials||FINZ||Dow Jones U.S. Financials Index||
Existing financial sector ETFs:
|Ultra Financials||UYG||Dow Jones U.S. Financials Index||
|UltraShort Financials||SKF||Dow Jones U.S. Financials Index||
|Short Financials||SEF||Dow Jones U.S. Financials Index||
Offering the nation’s largest lineup of alternative ETFs, ProShares enables investors to go beyond the limitations of conventional investing and meet today’s market challenges. Each ProShares ETF provides access to an alternative investment strategy delivered with the liquidity, transparency and cost effectiveness of an ETF. ProShares’ lineup of ETFs includes Global Fixed Income, Hedge Strategies, Geared (leveraged and inverse), and Inflation and Volatility ETFs.
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, email@example.com
ProShares, 866.776.5125, ProShares.com
Jul 12, 2012
1 $1.08 billion as of July 10, 2012 2 Source: FRC. As of March 31, 2012 3Source: Lipper, based on a worldwide analysis of all known providers of funds in these categories. The analysis covered ETFs and ETNs by the number of funds and assets (as of 6/30/2011).