NEW YORK , Feb. 11, 2010 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading six ProShares UltraPro Funds. The ETFs are sponsored by ProShares.
Six ProShares UltraPro ETFs List on NYSE Arca
The Six ProShares UltraPro funds are:
ProShares UltraPro Dow30 (NYSE Arca: UDOW)
ProShares UltraPro Short Dow30 (NYSE Arca: SDOW)
ProShares UltraPro MidCap400 (NYSE Arca: UMDD)
ProShares UltraPro Short MidCap400 (NYSE Arca: SMDD)
ProShares UltraPro Russell2000 (NYSE Arca: URTY)
ProShares UltraPro Short Russell2000 (NYSE Arca: SRTY)
These funds seek a 300% or -300% return of their indices for a single day, before fees and expenses. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target returns for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. The funds’ prospectuses describing correlation, leverage and other risks are available at www.proshares.com.
ProShares UltraPro Dow30
This fund seeks daily investment results, before fees and expenses that correspond to three times (300%) the daily performance of the Dow Jones Industrial AverageSM, which is a price-weighted index maintained by editors of The Wall Street Journal that includes 30 large-cap, “blue-chip” U.S. stocks, excluding utility and transportation companies.
ProShares UltraPro Short Dow30
This fund seeks daily investment results, before fees and expenses that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial AverageSM.
ProShares UltraPro MidCap400
This fund seeks daily investment results, before fees and expenses, that correspond to three times (300%) the daily performance of the S&P MidCap400™ Index (the Index), which is a measure of mid-size company U.S. stock market performance and a float-adjusted market capitalization weighted index of 400 U.S. operating companies and REITs.
ProShares UltraPro Short MidCap400
This fund seeks daily investment results, before fees and expenses, that correspond to three times (300%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index®.
ProShares UltraPro Russell2000
This fund seeks daily investment results, before fees and expenses, that correspond to three times (300%) the daily performance of the Russell 2000® Index, which is a measure of small-cap U.S. stock market performance and a float adjusted market capitalization weighted index containing approximately 2000 of the smallest companies in the Russell 3000® Index (or approximately 8% of the total market capitalization of the Russell 3000® Index), which in turn represents approximately 98% of the investable U.S. equity market.
ProShares UltraPro Short Russell2000
The Fund seeks daily investment results, before fees and expenses, that correspond to three times (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index®.
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 760 primary ETF and 50 primary ETV listings. Additionally, NYSE Arca lists 90 ETNs, 174 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 497 primary ETFs, 74 ETVs, 5 ETNs, with a total number of 576 listings across the European markets. In addition, NYSE Euronext lists a total of 1,722 Certificates and Covered Warrants in Paris , Amsterdam , Brussels and Lisbon .
About ProFunds Group (Source: ProFunds)
ProShares is part of ProFunds Group, the largest manager of leveraged and inverse funds and ETFs. ProShares introduced the first inverse and leveraged ETFs in the U.S. in 2006. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies. In addition, ProFunds Group subadvises the Canada-based Horizons BetaPro ETFs.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.