Another Class Action Firm Sues Over The Same ProShares ETF

Share This Article
August 12, 2009 8:36am ETF BASIC NEWS NYSE:SRS

lawyerNeil 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


registration statement, prospectuses, and statements of additional information.”

ProShares Ultra Short Real Estate ETF (SRS) seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Real Estate index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective.

For the full story click: HERE

GET A FREE TREND ANALYSIS  FOR ANY ETF HERE!



7 Best ETFs for the NEXT Bull Market

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Safe Haven Dividend Stocks for Turbulent Times

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories