Products October 4, 2011
ProShares Expands Lineup of VIX Futures ETFs
October 4, 2011 (PLANSPONSOR.com) – ProShares announced the launch of ETFs designed to provide magnified or inverse exposure to VIX futures.
Reported by
Rebecca Moore
The ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY) seeks to provide 2x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses. The ProShares Short VIX Short-Term Futures ETF (NYSE: SVXY) seeks to provide -1x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses. The ETFs are listed on NYSE Arca.
“Many investors are focused on volatility of the equity markets and are interested in tools that could help manage or incorporate volatility in sophisticated portfolios,” said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds, in the announcement. “Now, with our introduction of these new ProShares, investors for the first time can get leveraged or inverse exposure to VIX futures with an exchange traded fund.”
“Many investors are focused on volatility of the equity markets and are interested in tools that could help manage or incorporate volatility in sophisticated portfolios,” said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds, in the announcement. “Now, with our introduction of these new ProShares, investors for the first time can get leveraged or inverse exposure to VIX futures with an exchange traded fund.”