Another new ETF is getting ready for business.

ProShares [profile]plans to launch the ProShares Global Direct Infrastructure ETF, reports Index Universe.

According to the report, the prospectus says, “LPX defines infrastructure as the basic physical assets of an economy that are required to provide essential services to its population and that enable the economic growth and development."

This ETF will use NMX30 Infrastructure Global Index but no ticker or expense ratio were specified. 

Edited by: HFD


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