ProShares and Credit Suisse visit the NYSE in celebration of listing the ProShares Credit Suisse 130/30 (NYSE Arca-Listed CSM) exchange traded fund. In honor of the occasion, Chairman and CEO of ProFunds Group, Michael L. Sapir, and Managing Director at Credit Suisse, Pankaj N. Patel, ring The Opening BellSM.
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About ProShares Credit Suisse 130/30 (NYSE Arca: CSM)
This ETF tracks the performance of the Credit Suisse 130/30 Large-Cap Index (the “Index”). The Index is designed to replicate an investment strategy that establishes either long or short positions in certain of the 500 largest U.S. market cap equities (the “Universe”) by applying a rules-based ranking and weighting methodology. The design intends to provide an indexed representation of a quantitatively constructed 130/30 U.S. large-cap equity strategy. This results in the Index having total long exposure of 130% and total short exposure of 30% at each monthly reconstitution date. The index will have risk characteristics similar to the Universe and will generally rise and fall with the Universe, with the goal, but not guarantee, of incremental risk-adjusted outperformance as compared to the Universe.
About ProShares:
ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products—for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs.1 It is part of ProFunds Group, the world’s largest manager of short and leveraged funds2, which now includes 89 ProShares ETFs, and 115 ProFunds mutual funds. Since 1997, ProFunds has provided investors with access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.
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