ProShares introduced four more double inverse international ETFs to their lineup today. The new funds provide 2x inverse exposure to MSCI indexes covering Europe, Pacific ex-Japan, Brazil, and Mexico. The ProShares catalog now contains 10 inverse international products and 84 ETFs in all.
The new funds introduced today:
ProShares UltraShort MSCI Europe (EPV) (fund overview) (index data) seeks to provide twice the inverse of the daily performance of the MSCI Europe Index through the use of swaps. As of 3/31/09, the index had weightings of 32% United Kingdom, 16% France, 13% Switzerland, and 12% Germany.
ProShares UltraShort MSCI Pacific ex-Japan (JPX) (fund overview) (index data) seeks to provide twice the inverse of the daily performance of the MSCI Pacific ex-Japan Index through the use of swaps. As of 3/31/09, the index had sector weightings of 45% financials, 17% materials, 8% industrials, and 8% consumer staples located in Australia, Hong Kong, New Zealand, and Singapore.
ProShares UltraShort MSCI Brazil (BZQ) (fund overview) (index data) seeks to provide twice the inverse of the daily performance of the MSCI Brazil Index through the use of swaps.
