ProShares lists one equity ETF

ProShares lists one equity ultra short ETF on London Stock Exchange.

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By ETFWorld.co.uk

ProShares UltraShort Dow30 seeks a return that is -2x the return of its index for a single day, as measured from one NAV calculation to the next.

Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period.

These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily.

Name : ProShares UltraShort Dow30

ISIN : US74347G3746

Sedol : BMH2BZ4

Asset Class : Equity

Total Expense Ratio : 0.95%

Reference index : Dow Jones Industrial Average Index

Source : ETFWorld.co.uk