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Portfolio > ETFs

ProShares, State Street & Claymore Roll Out New Funds

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ProFunds Group has just unveiled three ETFs with single inverse exposure to equity indexes on China, U.S. real estate and the U.S. basic materials sectors. Single inverse ETFs seek to provide -1x of the return of an index or benchmark, before fees and expenses, for a single day.

The new ProShares ETFs are: the Short FTSE/Xinhua China 25 (YXI), Short Real Estate (REK) and Short Basic Materials (SBM). Each fund charges annual expenses of 0.95 percent.

State Street Global Advisors debuted the SPDR S&P Russia ETF (RBL). The fund is benchmarked to the S&P Russia Capped BMI Index and holds around 72 stocks. Top industry sectors represented inside RBL are energy (49.20 percent), materials (17.88 percent) and financial stocks (11.71 percent). RBL’s annual expense ratio is 0.59 percent.

Also, Claymore Securities added three ETFs to its lineup. The Wilshire 5000 Total Market ETF (WFVK), the Wilshire 4500 Completion ETF (WXSP) and the Wilshire US REIT ETF (WREI) each follow broad market U.S. equity indexes. WFVK charges annual expenses of 0.12 percent, WXSP is at 0.18 percent and WREI charges 0.32 percent


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