ProShares launched their much anticipated 22 new exchange traded funds (ETFs) that offer positions that move 200% both up and down relative to their underlying indexes which are the Dow Jones U.S. sector indexes. These new ETFs offer ETF investors more tools to build their own global ETF hedge funds though investors will have to be careful and seek professional advice in using these new ETFs. For the most part, they should be used as hedges and not the core of a ETF portfolio. The new ETFs are the following:
- Ultra Basic Materials (UYM)
- Ultra Consumer Goods (UGE)
- Ultra Consumer Services (UCC)
- Ultra Financials (UYG)
- Ultra Health Care (RXL)
- Ultra Industrials (UXI)
- Ultra Oil & Gas (DIG)
- Ultra Real Estate (URE)
- Ultra Semiconductors (USD)
- Ultra Technology (ROM)
- Ultra Utilities (UPW)
- UltraShort Basic Materials (SMN)
- UltraShort Consumer Goods (SZK)
- UltraShort Consumer Services (SCC)
- UltraShort Financials (SKF)
- UltraShort Health Care (RXD)
- UltraShort Industrials (SIJ)
- UltraShort Oil & Gas (DUG)
- UltraShort Real Estate (SRS)
- UltraShort Semiconductors (SSG)
- UltraShort Technology (REW)
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