ProShares plans to follow Market Vectors [profile] and WisdomTree into self-indexing.

The Maryland-based ETF sponsor has filed paperwork with the SEC to use its own indexes, according to Benzinga. Most of ProShares ETF offerings use the benchmark of their counterparties.

ProShares, the sixth largest ETF provider in AUM, manages $22.4 billion in assets.

Read more in Benzinga.  

Edited by: HFD


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