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ProShares Launches Eight 3x Leveraged ETFs

by Michael Johnston on February 11, 2010

ProShares, the ETF issuer known for its 2x leveraged and inverse ETFs, announced today the launch of eight new 3x and -3x leveraged ETFs covering four major U.S. equity indexes. The benchmarks covered by the new ETFs include the NASDAQ-100, Dow Jones Industrial Average, S&P MidCap 400, and Russell 2000.

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ProShares Plans 300% Leveraged ETFs

by Michael Johnston on February 8, 2010

ProShares, the issuer responsible for pioneering leveraged and inverse ETFs, has filed prospectuses for 16 new funds. Expansion is nothing new for ProShares–the company has launched a handful of new ETFs over the last year–but the filing was interesting because it detailed plans for 300% leveraged ETFs. ProShares’ current product line, which consists of more than 90 funds, includes only two ETFs with 300% leverage, the UltraPro S&P 500 (UPRO) and UltraPro Short S&P 500 (SPXU). [click to continue…]

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Why Everything You’ve Heard About Leveraged ETFs Is Wrong

by Michael Johnston on August 4, 2009

Leveraged ETFs have been in the news a great deal lately, although the majority of the coverage has been less than flattering. Over the last week, several prominent financial institutions have ceased purchasing leveraged ETFs on behalf of their clients, citing the incompatibility of the short-term nature of these products with their long-term views on [...]

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How To Fix the Leveraged ETF Mess

by Michael Johnston on June 26, 2009

Leveraged ETFs have quickly become the hot-button issue in the ETF industry, dividing investors and observers into two distinct camps. On the one side are sophisticated day traders who believe these funds, which use derivatives and other complex financial instruments to provide amplified daily returns on a target index, are the greatest thing since sliced bread. And on [...]

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Responding To Calls For ETF Regulation

by Michael Johnston on June 16, 2009

In the week during which the Obama administration will unveil details surrounding its plan to revamp the regulation of the U.S. financial sector, calls for increased oversight of the ETF industry are picking up steam as well. Scott Burns, director of ETF Analysis at Morningstar, recently laid out a case for increased regulatory requirements for ETFs [...]

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