The leveraged and inverse ETFs will invest in financial instruments including derivatives like swap agreements and money market instruments such as U.S. Treasury bills and repurchase agreements to achieve their respective target strategies.

“To that end, we are particularly excited about adding leveraged and inverse communication services ETFs to our sector suite,” Fulton said.

These new line of leveraged-inverse ETFs are just the tip of the iceberg as far as new products ProShares plans to introduce in 2019.

“This is the first of many re-tooling that we’ll be bringing to the market this year,” said Fulton.

For more information on new fund products, visit our new ETFs category.