ProShares has been one of this summer’s busiest ETF providers. The company has introduced 10 more ETFs built to deliver daily magnified returns.
Four of the latest ProShares ETFs are leveraged funds designed to increase in value when stocks fall in Europe, the Pacific ex-Japan region, Brazil and Mexico. Four other ETFs are designed for investors bullish on international and emerging market stocks.
While most ProShares ETFs attempt to give one or two times daily leveraged results, two new funds will attempt triple leverage.
The ProShares UltraPro S&P 500 (UPRO) aims for 300 percent performance of the S&P 500 for a single day, while ProShares UltraPro Short S&P 500 (SPXU) seeks 300 percent of the daily inverse performance of that same index (before fees and expenses).
Here’s a quick summary of the new ProShares ETFs along with their ticker symbols:
o ProShares UltraShort MSCI Europe (EPV)
o ProShares UltraShort MSCI Pacific ex-Japan (JPX)
o ProShares UltraShort MSCI Brazil (BZQ)
o ProShares UltaShort MSCI Mexico (SMK)
o ProShares Ultra MSCI EAFE (EFO)
o ProShares Ultra MSCI Emerging Markets (EET)
o ProShares Ultra FTSE/Xinhua China 25 (XPP)
o ProShares Ultra MSCI Japan (EZJ)