The company says the funds are the first designed to seek twice the daily returns of indexes covering developed foreign markets, emerging markets, China and Japan.
The new ETFs, listed on the NYSE Arca, are:
- Ultra MSCI EAFE (ticker: EFO)
- Ultra MSCI Emerging Markets (EET)
- Ultra FTSE/Xinhua China 25 (XPP)
- Ultra MSCI Japan (EZJ)
“With some international markets posting strong year-to-date returns, investors are expressing interest in tools that allow them to gain magnified exposure to these markets,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “These new ETFs complement our existing ETFs that are designed to provide short (or inverse) exposure to the same international indexes. Over the coming weeks, we plan to further expand our international offerings with ETFs covering more regions and specific countries.”
More information is available at www.proshares.com.