A dozen ProFunds ETFs make their debut

They are the first ETFs in the United States to provide short exposure or leveraged exposure to commodities or to the euro and the yen, according to a statement from ProFunds.
NOV 25, 2008
By  Bloomberg
ProFunds Group today announced 12 exchange traded funds to be listed on the NYSE Arca, a division of NYSE Euronext of New York. They are the first ETFs in the United States to provide short exposure or leveraged exposure to commodities or to the euro and the yen, according to a statement from ProFunds. The funds are independent of the series of the ProShares Trust II ETFs that trade separately. Only eight funds are available: Ultra DJ-AIG Commodity, UltraShort DJ-AIG Commodity, Ultra DJ-AIG Crude Oil, UltraShort DJ-AIG Crude Oil, Ultra Euro, UltraShort Euro, Ultra Yen and UltraShort Yen. The other four funds, benchmarked to gold and silver, are expected to start trading in the coming weeks. These are the Ultra Gold, UltraShort Gold, Ultra Silver, and UltraShort Silver. “Ultra” funds will seek daily investment results corresponding to 200% the daily performance of its corresponding benchmark. “UltraShort” funds will seek daily investment results corresponding to 200% of the inverse of daily performance of its corresponding benchmark. The ProShares Trust is sponsored by ProShare Capital Management LLC, a part of Bethesda, Md.-based ProFunds Group. ProFunds has 64 other short and leveraged ProShares ETFs.

Latest News

New York Dems push for return of tax on stock sales
New York Dems push for return of tax on stock sales

The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.

Human Interest and Income Lab streamline workflows for retirement-focused advisors
Human Interest and Income Lab streamline workflows for retirement-focused advisors

The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.

Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls
Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls

Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.

Carson, Lido strengthen RIA networks with bicoastal deals
Carson, Lido strengthen RIA networks with bicoastal deals

Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.

Goldman gets shareholder backing on $80M executive bonus packages
Goldman gets shareholder backing on $80M executive bonus packages

The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.