ProShares is expanding its popular line of leveraged and inverse exchange traded funds (ETFs) to further cover international markets. The newest additions will give twice the daily exposure to these countries and regions.
ProShares has launched four international ETFs giving investors access to double-daily exposure to Europe, Asia Pacific, Brazil and Mexico. Cinthia Murphy for Index Universe reports that the four funds, tracking different MSCI benchmarks, will serve as counterparts to four existing ProShares funds that give twice the daily inverse performance of the same indexes. [How Leveraged and Inverse ETFs Work.]
The new ETFs are:
- The Ultra MSCI Europe (NYSEArca: UPV)
- Ultra MSCI Pacific Ex-Japan (NYSEArca: UXJ)
- Ultra MSCI Brazil (NYSEArca: UBR)
- Ultra MSCI Mexico Investable Market (NYSEArca: UMX)
ProShares has about 100 listed inverse and leveraged ETFs to choose from. Keep in mind that these types of ETFs are intended to be monitored daily and are not right for all investors. Long-term returns vary and these ETFs are not intended for use in buy-and-hold strategies. [Other Recent ProShares Launches.]
For more stories about new ETFs, visit our new ETFs category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.