ProShares Debuts Eight Leveraged ETFs

ProShares is expanding its line of leveraged products: Four of ProShare’s eight new funds attempt to deliver twice the daily returns of indexes covering developed foreign markets, emerging markets, China and Japan. The other four ETFs attempt to deliver leveraged short or inverse performance of stocks in Asia, Brazil, Europe and Mexico.

“With some international markets posting strong year-to-date returns, investors are expressing interest in tools that allow them to gain magnified exposure to these markets,” says Michael L. Sapir, ProFunds Group Chairman and CEO.

The new leveraged ProShares ETFs are the following:
–ProShares Ultra MSCI EAFE (EFO)
–ProShares Ultra MSCI Emerging Markets (EET)
–ProShares Ultra FTSE/Xinhua China 25 (XPP)
–ProShares Ultra MSCI Japan (EZJ)
–ProShares UltraShort MSCI Europe (EPV)
–ProShares UltraShort MSCI Pacific ex-Japan (JPX)
–ProShares UltraShort MSCI Brazil (BZQ)
–ProShares UltaShort MSCI Mexico (SMK)

Sapir explains, “These new ETFs complement our existing ETFs that are designed to provide short (or inverse) exposure to the same international indexes. Over the coming weeks, we plan to further expand our international offerings with ETFs covering more regions and specific countries.”