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Rating:ProShares TIPS its Inverse ETF Hand Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 10, 2011

ProShares TIPS its Inverse ETF Hand Again

Reported by Hung Tran

ProShares today unveiled its latest ETF offering, which it is touting as the first ETF that provides inverse exposure to U.S. Treasury Inflation-Protected Securities.

The ProShares UltraShort TIPS seeks to provide -2x of the daily return of the Barclays Capital U.S. TIPS Index (Series-L), before fees, expenses and interest income. The ETF lists on NYSE Arca today.

"Fueled by expectations of rising long-term interest rates, our inverse Treasury ProShares have garnered more than $7 billion since launching less than three years ago," stated Michael Sapir, CEO of ProShares Advisors LLC. "Our new fund, the first inverse TIPS ETF, is a new tool for investors considering hedging against or seeking to benefit from declines in TIPS prices."

TPS expands the ProShares lineup of geared Treasury ETFs to six. The lineup now includes four funds offering short exposure and two that offer magnified exposure to Barclays Capital U.S. Treasury Indexes.


ProShares Launches First Inverse TIPS ETF Expands popular lineup of geared Treasury ETFs

Bethesda, MD, February 10, 2011 — ProShares, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of the first ETF that provides inverse exposure to U.S. Treasury Inflation-Protected Securities (TIPS).

The ProShares UltraShort TIPS (NYSEArca: TPS) seeks to provide -2x of the daily return of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L), before fees, expenses and interest income. The ETF lists on NYSE Arca today.

"Fueled by expectations of rising long-term interest rates, our inverse Treasury ProShares have garnered more than $7 billion since launching less than three years ago," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "Our new fund, the first inverse TIPS ETF, is a new tool for investors considering hedging against or seeking to benefit from declines in TIPS prices."

TPS expands the ProShares lineup of geared Treasury ETFs to six. The lineup now includes four funds offering short exposure and two that offer magnified exposure to Barclays Capital U.S. Treasury Indexes.

About ProFunds Group

ProShares is a premier provider of alternative ETFs, with 115 funds and nearly $24 billion in assets. ProShares offers the largest family of geared (leveraged and inverse) ETFs1. ProShares is part of ProFunds Group, which was founded in 1997 and includes nearly $31 billion in mutual fund and ETF assets2.

Leveraged and inverse ProShares and ProFunds seek returns that are multiples or inverse multiples (e.g., 2x, -2x) of the return of an index or other benchmark (target) for a single day. Due to the compounding of daily returns, leveraged and inverse ProShares’ and ProFunds’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the ProShares or ProFunds prospectus. 

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