Products August 20, 2009

New ETF Offers Short Exposure for Long-Term Treasuries

ProFunds Group has launched an exchange-traded fund (ETF) designed to provide short exposure to the market for long-term U.S. Treasury bonds.

Reported by

Fred Schneyer

A news release said the ProShares Short 20+ Year Treasury (TBF), listed today on the NYSE Arca, is built to produce 100% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index for a single day, excluding fees and expenses.

The Barclays Capital 20+ Year U.S. Treasury Index measures the performance of U.S. Treasury bonds with maturities of 20 years or greater.