ProShares Launches First 130/30 ETF

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.