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ProShares continues to be one of the most active ETF issuers of 2010, announcing the launch on Thursday of the first inverse and leveraged ETFs offering exposure to regional banks. The Ultra KBW Regional Banking (KRU) will seek daily returns equal to 200% of the return on the KBW Regional Banking Index, while the Short KBW Regional Banking (KRS) will seek to provide -100% of the return on the same benchmark. The index to which the new ETFs is linked is currently tracked by the SPDR KBW Regional Banking ETF, the largest and most heavily-traded regional bank ETF. This benchmark is an equal-weighted index that consists of about 50 regional banks. [click to continue…]

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ProShares Planning Short, Leveraged Regional Bank ETFs

by Michael Johnston on March 2, 2010

ProShares, a leading provider of inverse and leveraged ETFs, has filed for approval on seven addition ETFs, including four “ultra” international ETFs and three products focusing on a popular regional bank index. The international ETFs complement four existing 200% inverse products, and include: [click to continue…]

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Most Popular ETFs: Leveraged, Financial ETFs Among Winners

by Michael Johnston on July 21, 2009

The old saying “any publicity is good publicity” certainly seems to ring true in the ETF industry. Over the last several months, leveraged ETFs have been the subject of intense scrutiny, first from individual investors and analysts, and more recently from regulatory agencies such as FINRA. Despite allegations that these funds are dishonest products that [...]

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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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