ProShares, the largest issuer of leveraged and inverse ETFs, has filed for SEC approval on several additional products. The proposed funds include: [click to continue…]
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The swelling controversy over the risks associated with leveraged ETFs has apparently caused its first casualty. St. Louis-based Edward Jones & Co., the prominent financial services firm, decided during a regular review of its products in June to stop selling leveraged funds, citing the fact that they are “one of the most misunderstood and potentially dangerous types of ETFs,” according to mutual fund research analyst Katie Martin. Edward Jones prepared a report titled “Not All ETFs Are Created Equal” that highlights the potential pitfalls with these complex financial instruments. [click to continue…]
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ProShares, a leader in the inverse and leveraged ETFs, today launched four new ETFs offering magnified exposure to international markets. The funds, which seek 200% of the daily returns of their target indexes, are:
Ultra MSCI EAFE (EFO)
Ultra MSCI Emerging Markets (EET)
Ultra FTSE/Xinhua China 25 (XPP)
Ultra MSCI Japan (EZJ)
Commenting on the new funds, ProFunds Chairman and CEO [...]
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