ProShares has introduced the nation’s first 130/30 exchange-traded fund, linked to the Credit Suisse 130/30 Large-Cap Index.

The fund is the first in a new Alpha ProShares series that will pursue advanced investment strategies.

“We believe that this new ETF will be attractive for investors’ 130/30 allocations because it combines a rigorous quantitative investment process developed by two renowned experts with the index transparency, low cost and liquidity of an ETF,” said Michael L. Sapir, chairman and CEO of ProShares.

Benefits of the fund’s index is that it is transparent, investable, passive and based on extensive research, ProShares said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.