ProShares has launched four new exchange-traded funds that seek to provide 200% of the daily return of their respective indexes.

The ETFs are the Ultra MSCI Europe, Ultra MSCI Pacific ex-Japan, Ultra MSCI Brazil and Ultra MSCI Mexico Investable Market. They are listed on NYSE Arca.

"The ETFs we're launching today offer U.S. investors new ways to obtain magnified exposure to these widely-followed regions and countries," said Michael Sapir, chairman and CEO of ProShare Advisors LLC. "We are pleased to provide investors with valuable tools to act on their views."

ProShares now offers 19 leveraged and inverse ETFs.

The Securities and Exchange Commission has warned investors that leveraged and inverse ETFs can have unpredictable consequences if held for more than one day. 

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