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Rating:ProFunds Adds Glitter to Leveraged ETFs Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, December 04, 2008

ProFunds Adds Glitter to Leveraged ETFs

by: Sean Hanna, Editor in Chief

ProFunds Group is adding another four ETFs to the family of Commodities ProShares that it launched last week. The four new funds will track gold and silver. One of each pair of new funds will be leveraged to twice the market return while the second fund for each metal will be un-leveraged.

The four new funds began trading on the NYSE Arca on Wednesday morning. Each fund is a series of ProShares Trust II and will continuously use creation units of 50,000 share bloks. ProShare Capital Management LLC serves as the trustís sponsor. 

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