ProShares To Begin Trading The ProShares Investment Grade-Interest Rate Hedged ETF (BATS:IGHG)

newetfProShares has announced that they will begin trading the ProShares Investment Grade-Interest Rate Hedged ETF (BATS:IGHG) Thursday, November 07, 2013. ProShares Investment Grade—Interest Rate Hedged (the “Fund”) seeks investment results, before fees and expenses, that track the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index.

Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements: 0.30%

Principal Investment Strategies

The Index (Bloomberg Ticker: CFIIIGHG) is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds (“Treasury Securities”) of, in aggregate, approximate equivalent duration to the investment grade bonds.
By taking short Treasury Security positions (of an aggregate dollar value not exceeding the aggregate dollar value of the Fund’s assets), the Index seeks to mitigate the potential negative impact of rising Treasury interest rates (“interest rates”) on the performance of

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