ProFunds Group has just unveiled three ETFs with single-inverse exposure to China, U.S. real estate and U.S. basic materials.
The three funds are the Short FTSE/Xinhua China 25, Short Real Estate and Short Basic Materials funds.
As Michael L. Sapir, chairman and CEO of ProShare Advisors, explained, “Our existing double-inverse ETFs based on these indexes are popular, but some investors prefer the lower volatility of single-inverse exposure.”
With these three new offerings, ProShares now has 14 single-inverse stock and bond ETFs.
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