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Products April 5, 2011
ProShares Launches Two New Inverse Treasury ETFs
April 5, 2011 (PLANSPONSOR.com) - ProShares announced the launch of two new ETFs that provide inverse exposure to the U.S. Treasury market.
Reported by Rebecca Moore
The ProShares UltraShort 3-7 Year Treasury (NYSE Arca: TBZ) provides inverse exposure to the 3-7 year segment of the U.S. Treasury market. TBZ seeks to provide -2x the daily performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index, before fees and expenses.
The ProShares Short 7-10 Year Treasury (NYSE Arca: TBX) seeks to provide -1x the daily performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index, before fees and expenses.
TBZ and TBX bring ProShares’ lineup of inverse bond ETFs to eight (see ProShares Launches New Bond ETF).