Products March 27, 2008

ProShares Offers Short and Leveraged Telecom ETFs

Two new exchange-traded funds (ETFs) from ProShares offer investors short or magnified exposure to telecom stocks.
Reported by

The Ultra Telecommunications ProShares ETF provides twice the market exposure as an ordinary telecommunications ETF for the same amount of cash, according to a company press release. The ETF is designed to double the daily performance of its benchmark, the Dow Jones U.S. Select Telecommunications Index before fees and expenses.

Investors can seek profit from a market downturn or seek to hedge existing positions with UltraShort Telecommunications ProShares, the release said. The ETF is designed to double the daily inverse performance of its benchmark, Dow Jones U.S. Select Telecommunications Index before fees and expenses

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ProShares ETFs are distributed by SEI Investments Distribution Co.

For fund prospectuses, visit www.proshares.com.

Products March 27, 2008

MassMutual Launches Web Site to Recruit New Agents

Massachusetts Mutual Life Insurance Co. (MassMutual) has unveiled a new Web site that introduces career changers, industry veterans, and college graduates to a career with MassMutual via testimony of its agents.
Reported by

The Web site features a MassMutual agency manager, sales team manager, experienced agent, career changer, new agent, and intern who describe their careers and experiences in their own words. According to a press release, the agents describe the company’s entrepreneurial business model, training and support services and the meaningfulness of their work.

“We have a number of successful agency models – high-end financial planning, fee-based, and insurance offices and hybrids that combine variations of each,” said Scott Rich, vice president, Net Field Force Growth, in the release. “Our new selection system enables us to fit the candidate to the office, and that means there’s a greater likelihood of satisfaction for the new agent and, ultimately, greater retention.”

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To learn more, visit http://www.massmutual.com/mycareer.

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