Products April 5, 2011

ProShares Launches Two Inverse Treasury ETFs

ProShares launched two exchange-traded funds (ETFs) that provide inverse exposure to the U.S. Treasury market.
Reported by

The ProShares UltraShort 3-7 Year Treasury (NYSE Arca: TBZ) provides inverse exposure to the 3-7 year segment of the U.S. Treasury market.  TBZ seeks to provide -2x the daily performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index, before fees and expenses.   

The ProShares Short 7-10 Year Treasury (NYSE Arca: TBX) seeks to provide -1x the daily performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index, before fees and expenses.   

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TBZ and TBX bring ProShares’ lineup of inverse bond ETFs to eight (see “ProShares Launches Bond ETF“).
Deals & People April 5, 2011

Allianz Hires DC Managing Director

Allianz Global Investors Distributors (AGID) announced that Nick Loglisci Jr. has joined the firm as Managing Director in the Defined Contribution (DC) group.
Reported by

In this role, Loglisci will be responsible for calling on plan sponsors and DC consultants, as well as other strategic partners, to pursue DC-Investment-Only opportunities.He will report to Keith Wagner in AGID’s Retirement Sales Group.  

According to the announcement, Loglisci joins AGID from AllianceBernstein where he served most recently as Co-Head of Consultant Relations.  Prior to that, he served as Co-Head of AllianceBernstein’sEndowments and Foundations team.    

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Loglisci is a graduate of the United States Military Academy and holds an MBA from New York University’s Stern School of Business. He also served as a Captain in the U.S. Army for more than five years.

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