ProShare unveils two ETFs

ProShare Advisors launched two short exchange traded funds that are designed to generate inverse performance compared to the markets in China and Japan.
NOV 08, 2007
ProShare Advisors LLC launched trading in two short exchange traded funds on the American Stock Exchange today, which are designed to generate inverse performance compared to the markets in China and Japan. The Bethesda, Md.-based money manager said its UltraShort FTSE/Xinhua China 25 ProShares (FXP) and UltraShort MSCI Japan ProShares (EWV) seek investment results that correspond to 200% of the inverse of the daily performance of the FTSE/Xinhua China 25 Index and the MSCI Japan Index, respectively. ProShare Advisors has $9 billion invested in its 58 ETFs.

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