ProShares Expands Popular Geared Financial ETF Lineup (FINU, FINZ)

ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today the launch of ProShares UltraPro Financials (NYSEARCA:FINU) and 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:

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

 

About ProShares

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.

Media Contact:

Tucker Hewes, Hewes Communications, Inc., 212.207.9451,  [email protected]

Investor  Contact:

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).


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