Michael Sapir is continuing to play up ProShares' reputation as an ETF specialty house by preparing another ETF, this one actively managed. According to a recent SEC filing dated June 8, 2012, Bethesda, Maryland-based fund manager plans to launch a new series of emerging market ETFs under ProShares Trust.

A spokesman for the fund shop told MFWire that ProShares does not comment on filings.

The initial fund for the actively managed series will be the ProShares Emerging Market Debt ETF. The fund, which is available to both institutional and retail investors, will invest at least 80 percent of its total assets in a diversified portfolio of fixed income instruments in emerging market countries.

The new fund will offer investors exposure to a diversified selection of emerging market debt instruments.

ProShares has a number of emerging markets ETFs that measures its performance against the MSCI Emerging Markets Index, including the Short MSCI Emerging Markets, Ultra MSCI Emerging Markets, and UltraShort MSCI Emerging Markets ETFs. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE