ProFunds has launched two exchange-traded funds that will leverage U.S. Treasuries, the ProShares Ultra 20+ Year Treasury and ProShares Ultra 7-10 Year Treasury funds.

The first ETF will aim to deliver twice the performance of the Barclays Capital 20+ Year U.S. Treasury Index each day, and the second will aim to deliver twice the performance of the Barclays 7-10 Year U.S. Treasury Index each day.

“The new ETFs provide magnified exposure to Treasury securities and afford potential opportunities to benefit from dips in interest rates,” said Michael L. Sapir, chairman and CEO of ProShares Advisors, the investment advisor to the funds. “With the addition of these two ETFs, ProShares offers the largest lineup of leveraged and inverse Treasury ETFs. No matter what the longer-term interest rate trend, short-term up and down moves can offer tactical investment opportunities for knowledgeable investors.”

The ProShares UltraShort 20+ Year Treasury ETF has attracted more than $4.6 billion in less than two years and was the most successful ETF launched in 2008, the company said.

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