ProShares Launches Four New Leveraged International ETFs

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June 4, 2009 10:18am NYSE:EET NYSE:EFO

proshareslogoProFunds Group, the world’s largest manager of short and leveraged funds, announced today that it is launching four new ProShares ETFs, the first designed to seek twice the daily returns of indexes covering developed foreign markets, emerging markets, China and Japan. The new ETFs will be listed on NYSE Arca today.


“With some international markets posting strong year-to-date returns, investors are expressing interest in tools that allow them to gain magnified exposure to these markets,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “These new ETFs complement our existing ETFs that are designed to provide short (or inverse) exposure to the same international indexes. Over the coming weeks, we plan to further expand our international offerings with ETFs covering more regions and specific countries.”


ProShares

 

Ticker

Symbol

 

Index

 

Daily

Objective*

New Ultra International ProShares

           
Ultra MSCI EAFE   EFO   MSCI EAFE Index   200%
Ultra MSCI Emerging Markets   EET   MSCI Emerging Markets Index   200%
Ultra FTSE/Xinhua China 25   XPP   FTSE/Xinhua China 25 Index   200%
Ultra MSCI Japan   EZJ   MSCI Japan Index   200%
             

Existing Short International ProShares

           
Short MSCI EAFE   EFZ   MSCI EAFE Index   -100%
Short MSCI Emerging Markets   EUM   MSCI Emerging Markets Index   -100%
UltraShort MSCI EAFE   EFU   MSCI EAFE Index   -200%
UltraShort MSCI Emerging Markets   EEV   MSCI Emerging Markets Index   -200%
UltraShort FTSE/Xinhua China 25   FXP   FTSE/Xinhua China 25 Index   -200%
UltraShort MSCI Japan   EWV   MSCI Japan Index   -200%

*Before fees and expenses.

Note: Due to differences in trading hours between U.S. and foreign markets, the values of the indexes are not computed as of the close of the U.S. securities markets. Daily correlation to the indexes will be measured by comparing the daily change in each fund’s net asset value per share to the performance of one or more U.S. exchange traded securities or instruments that reflect the values of the securities underlying the index as of the close of the U.S. securities markets.

About ProFunds Group

ProFunds Group includes 80 ProShares short and leveraged ETFs, and 115 ProFunds mutual funds. ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products—for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs2 and now is the fourth largest manager of ETFs in the nation3. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.

All ProShares ETFs and many ProFunds employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value. Each ProShares ETF and leveraged or inverse ProFund seeks a return that is a multiple or inverse multiple (e.g., +200%) of the return of an index or other benchmark (target) for a single day. 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.

All investing involves risk, including the loss of principal. ProShares entail certain risks, including, in some or all cases, aggressive investment techniques (futures contracts, options, forward contracts, swap agreements and similar instruments), correlation or inverse correlation, and market price variance risk, all of which can increase volatility and decrease performance. In addition, ProShares are non-diversified, and narrowly focused investments, including single country funds, typically exhibit higher volatility. International investments may also involve risk from unfavorable fluctuation in currency values, differences in generally accepted accounting principles and economic or political instability. In emerging markets, all these risks are heightened and lower trading volumes may occur. There is no guarantee that any ProShares ETF will achieve its investment objective.

Full Story:  http://newsticker.welt.de/?module=smarthouse&id=898608


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