As debate about the national debt intensities, fundsters interested in the treasury side of the fixed income business may want to take a look at ProShares
' [see profile
] newest offerings. Yesterday the leveraged- and inverse-index ETF specialist launched
its Short 7-10 Year Treasury
and UltraShort 3-7 Year Treasury
The new ETFs aren't ProShares' first foray into inverse Treasury returns territory. The firm already offers the Short 20+ Year Treasury
, UltraShort 20+ Year Treasury
and UltraShort 7-10 Year Treasury
ETFs, as well as the UltraShort TIPS
"Our lineup of inverse bond ETFs has been extremely popular, garnering more than $7 billion of assets since launching less than three years ago," stated ProShare Advisors chairman and CEO Michael Sapir
. "We are pleased to add two additional ETFs to the set of tools available to investors concerned about a possible pullback in bonds."
The new UltraShort 3-7 Treasury ETF offers twice the inverse of the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index
for 95 basis points [see prospectus
], and the new Short 7-10 Year Treasury ETF offers the inverse of the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index
, also for 95 bps [see prospectus
]. CIO Todd Johnson
, portfolio management director Howard Rubin
and portfolio manager Michelle Liu
PM both new ETFs.
distributes the new UltraShort ETF and SB Investments
distributes the new Short ETF.
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