ProShares gives investors another way to bet against U.S. Treasurys

ProShares Advisors LLC announced today the launch of a third exchange traded fund that lets investors bet on a downturn in long-term U.S. Treasury bonds.
AUG 20, 2009
ProShares Advisors LLC announced today the launch of a third exchange traded fund that lets investors bet on a downturn in long-term U.S. Treasury bonds. The Bethesda, Md.-based firm already holds more than $25 billion of the $35 billion market in leveraged and inverse ETFs. The ProShares Short 20+ Year Treasury (TBF) is designed to produce 100% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index for a single day. The new fund is “in direct response to strong investor demand for a single beta short Treasury fund,” company chairman and chief executive Michael Sapir said in a statement. He was not immediately available for further comment. ProShares' two other fixed income products offer 200% the inverse performance of their benchmarks. The UltraShort 7-10 Year Treasury (PST) is designed to produce 200% of the inverse performance of the Barclays Capital 7-10 Year U.S. Treasury Index, while the UltraShort 20+ Year Treasury (TBT) is designed to produce 200% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.