Products January 21, 2010

New Leveraged U.S. Treasury ETFs Launched

January 21, 2010 (PLANSPONSOR.com) - ProFunds Group has launched two exchange-traded funds (ETFs) designed to provide magnified exposure to the U.S. Treasury market.
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The ProShares Ultra 20+ Year Treasury (UBT) seeks investment results that correspond to twice (200%) the performance of the Barclays Capital 20+ Year U.S. Treasury Index for a single day, excluding fees, expenses, and interest income, according to a press release. The ProShares Ultra 7-10 Year Treasury (UST) seeks investment results that correspond to twice (200%) the performance of the Barclays Capital 7-10 Year U.S. Treasury Index for a single day, excluding fees, expenses, and interest income.

The ETFs were listed on NYSE Arca Thursday.

“The new ETFs provide magnified exposure to Treasury securities and afford potential opportunities to benefit from dips in interest rates,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment adviser, in the announcement. “With the addition of these two ETFs, ProShares offers the largest lineup of leveraged and inverse Treasury ETFs.”

More information is at http://www.proshares.com.

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