Products March 22, 2011
ProShares Launches Inverse High Yield Bond ETF
March 22, 2011 (PLANSPONSOR.com) – ProShares has launched what it says is the first exchange-traded fund (ETF) that provides inverse exposure to the high yield bond market.
Reported by Rebecca Moore
The ProShares Short High Yield (NYSE Arca: SJB) seeks to provide -1x the daily performance of the Markit iBoxx $ Liquid High Yield Index, before fees and expenses, a press release said.
SJB expands ProShares’ popular lineup of inverse bond ETFs to five.
“For investors who believe that high yield bonds are ripe for a pullback, SJB can be used to help hedge against or to seek to benefit from potential declines,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment adviser, in the announcement.You Might Also Like:

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