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Products April 14, 2011
ProShares Launches Corporate Bond ETFs
ProShares launched
exchange-traded funds (ETFs) that provide magnified exposure to high-yield and investment-grade corporate bond markets.
Reported by PLANADVISER staff
ProShares Ultra High Yield (NYSE Arca: UJB) seeks to provide two times the daily performance of the Markit iBoxx $ Liquid High Yield Index, before fees and expenses. ProShares Ultra Investment Grade Corporate (NYSE Arca: IGU) seeks to provide two times the daily performance of the Markit iBoxx $ Liquid Investment Grade Index, before fees and expenses.
“With today’s launch, knowledgeable investors now have an even larger suite of geared ETFs to help manage their exposures to high yield and investment grade corporate bonds,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC.