Other prominent products in the un-levered inverse category in terms of asset sizes, and that we foresee an increase in institutional usage and adoption not only in the near term but potentially down the road are RWM (ProShares Short Russell 2000, Expense Ratio 0.95%), DOG (ProShares Short Dow 30, Expense Ratio 0.95%), and EUM (ProShares Short MSCI Emerging Markets, Expense Ratio 0.95%), as these funds have garnered from $280 million to $513 million thus far in overall asset levels.
Smaller funds that are tagged to broad based indices and that are structured in the same way as those mentioned above include PSQ (ProShares Short QQQ, Expense Ratio 0.95%), EFZ (ProShares Short MSCI EAFE, Expense Ratio 0.95%), MYY (ProShares Short MidCap 400, Expense Ratio 0.95%), SBB (ProShares Short SmallCap600, Expense Ratio 0.95%), and TOTS (Direxion Daily Total Market Bear 1X, Expense Ratio 0.65%), which is notably cheaper in price than other funds in the category, but still remains small in terms of asset base. With increased awareness in terms of these products, and all of a sudden, a faltering bull market, watch these names closely for flurries of activity and perhaps some hints at how institutional money managers are playing the markets in the short term.
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].
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