News Releases |
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Name and Ticker Symbol of the Four ProShares Ultra ETFs:
• ProShares Ultra MSCI EAFE – Ticker Symbol “EFO ”
• ProShares Ultra MSCI Emerging Markets – Ticker Symbol “EET ”
• ProShares Ultra FTSE/Xinhua China 25 – Ticker Symbol “XPP ”
• ProShares Ultra MSCI Japan – Ticker Symbol “EZJ ”
ProShares Ultra MSCI EAFE
The ProShares Ultra MSCI EAFE seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI EAFE Index. If ProShares Ultra MSCI EAFE is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the MSCI EAFE Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
• ProShares Ultra MSCI EAFE – Ticker Symbol “EFO ”
• ProShares Ultra MSCI Emerging Markets – Ticker Symbol “EET ”
• ProShares Ultra FTSE/Xinhua China 25 – Ticker Symbol “XPP ”
• ProShares Ultra MSCI Japan – Ticker Symbol “EZJ ”
ProShares Ultra MSCI EAFE
The ProShares Ultra MSCI EAFE seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI EAFE Index. If ProShares Ultra MSCI EAFE is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the MSCI EAFE Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
ProShares Ultra MSCI Emerging Markets
The ProShares Ultra MSCI Emerging Markets seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the MSCI Emerging Markets Index. If the fund is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the MSCI Emerging Markets Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
The ProShares Ultra MSCI Emerging Markets seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the MSCI Emerging Markets Index. If the fund is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the MSCI Emerging Markets Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
ProShares Ultra FTSE/Xinhua China 25
The ProShares Ultra FTSE/Xinhua China 25 seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the FTSE/Xinhua China 25 Index. If ProShares Ultra FTSE/Xinhua China 25 is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the FTSE/Xinhua China 25 Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
The ProShares Ultra FTSE/Xinhua China 25 seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the FTSE/Xinhua China 25 Index. If ProShares Ultra FTSE/Xinhua China 25 is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the FTSE/Xinhua China 25 Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
ProShares Ultra MSCI Japan
ProShares Ultra MSCI Japan seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the MSCI Japan Index. If ProShares Ultra MSCI Japan is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the MSCI Japan Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
ProShares Ultra MSCI Japan seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the MSCI Japan Index. If ProShares Ultra MSCI Japan is successful in meeting its objective, its value, before fees and expenses, should gain approximately twice as much, on a percentage basis, as the MSCI Japan Index when the Index rises on a given day. Conversely, its value (before fees and expenses) should lose approximately twice as much, on a percentage basis, as any decrease in the Index when the Index declines on a given day.
These funds seek a 200% return of an index for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. The funds’ prospectus describing correlation, leverage and other risks is available at www.proshares.com.
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 665 primary ETF and 46 primary ETV listings. Additionally, NYSE Arca lists 85 ETNs, 233 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 382 primary ETFs, 74 ETV listings, 4 ETN and lists a total of 12,293 Warrants and Certificates as of the end of April 2009.
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 665 primary ETF and 46 primary ETV listings. Additionally, NYSE Arca lists 85 ETNs, 233 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 382 primary ETFs, 74 ETV listings, 4 ETN and lists a total of 12,293 Warrants and Certificates as of the end of April 2009.
About NYSE Euronext:
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
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 80 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.
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 80 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.
ProFunds Group includes ProFunds mutual funds and ProShares ETFs. ProFunds Distributors, Inc. is distributor for ProFunds mutual funds. ProShares ETFs registered under the Investment Company Act of 1940 are distributed by SEI Investments Distribution Co., which is not affiliated with ProFunds Group or its affiliates.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
1 Source: Citigroup ETF Flow Report, based on an analysis of ETPs introduced in 2007 and 2008.
2 Source: Lipper, based on a worldwide analysis of all of the known providers of publicly traded funds in these categories. The analysis covered ETFs, ETNs, and mutual funds by the number of funds and assets (as of 6/30/2008).
2 Source: Lipper, based on a worldwide analysis of all of the known providers of publicly traded funds in these categories. The analysis covered ETFs, ETNs, and mutual funds by the number of funds and assets (as of 6/30/2008).
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