The four international funds, designed to deliver twice long on their underlying benchmarks, are the Ultra MSCI Brazil, Ultra MSCI Pacific ex-Japan, Ultra MSCI Europe and Ultra MSCI Mexico Investable Market funds.
The three banking funds are the double long Ultra KBW Regional Banking ETF, double short UltraShort KBW Regional Banking ETF and twice inverse Short KBW Regional Banking ETF.
The new offerings join the ProShares lineup of 92 inverse and leveraged ETFs. The international offerings are linked to MSCI indexes and will use derivatives and short-term money market instruments to gain leverage, and the banking funds will tap into regional and thrifts listed on U.S. stock exchanges.
