Guide To ETF Providers: ProShares
AAA
  1. Guide To ETF Providers: Introduction
  2. Guide To ETF Providers: Direxion
  3. Guide To ETF Providers: EG Shares
  4. Guide To ETF Providers: ETF Securities
  5. Guide To ETF Providers: Guggenheim
  6. Guide To ETF Providers: IndexIQ
  7. Guide To ETF Providers: Invesco PowerShares
  8. Guide To ETF Providers: iShares
  9. Guide To ETF Providers: ProShares
  10. Guide To ETF Providers: State Street Global Advisors
  11. Guide To ETF Providers: Van Eck
  12. Guide To ETF Providers: Vanguard
  13. Guide To ETF Providers: WisdomTree
  14. Guide To ETF Providers: Conclusion

Guide To ETF Providers: ProShares

ProShares was established in 2006 by the founders of ProFunds, a firm that was launched in 1997. ProShares is the largest manager of inverse and leveraged funds, or "geared ETFs," in the world. Each geared ETF seeks a return that is either 3X, 2X, -1X, -2X or -3X the return of an index or other benchmark for a single day (as measured from one NAV calculation to the next). The introduction of Short ProShares signified the first ETF developed to profit in response to a declining benchmark. Ultra ProShares (many leveraged ETFs are called "ultra") were the first ETFs to seek two-times the daily performance of their tracking indexes and benchmarks.

Today, ProShares offers more than 130 ProShares ETFs, with a variety of ETF families including:

  • Global Fixed income ProShares - to diversify fixed-income holdings

  • Hedge Strategies ProShares - advanced investment strategies

  • Geared ProShares - inverse and leveraged exposure to equities, fixed income, currencies and commodities

  • Inflation and Volatility ProShares - exposure to expected inflation or implied market volatility
ProShares ETFs cover numerous asset classes including commodities, currencies, fixed income (domestic and international), inflation, international, long/short, market cap, sector, style and volatility. The funds are based on popular indexes and benchmarks such as Barclays, Dow Jones, FTSE, iBoxx, MSCI, Nasdaq, Russell and Standard & Poor's.

Headquartered in Bethesda, Maryland, just outside Washington, D.C., ProShares' expense ratios range between 0.25 and 0.95%, with an average expense ratio of 0.93%.

ProShares\' top five largest funds by AUM.
Figure 8: ProShares\' top five largest funds by AUM. Information current as of Feb. 8, 2013.
Guide To ETF Providers: State Street Global Advisors

  1. Guide To ETF Providers: Introduction
  2. Guide To ETF Providers: Direxion
  3. Guide To ETF Providers: EG Shares
  4. Guide To ETF Providers: ETF Securities
  5. Guide To ETF Providers: Guggenheim
  6. Guide To ETF Providers: IndexIQ
  7. Guide To ETF Providers: Invesco PowerShares
  8. Guide To ETF Providers: iShares
  9. Guide To ETF Providers: ProShares
  10. Guide To ETF Providers: State Street Global Advisors
  11. Guide To ETF Providers: Van Eck
  12. Guide To ETF Providers: Vanguard
  13. Guide To ETF Providers: WisdomTree
  14. Guide To ETF Providers: Conclusion
RELATED TERMS
  1. Exchange-Traded Mutual Funds (ETMF)

    Investopedia explains the definition of exchange-traded mutual ...
  2. Exchange-Traded Fund (ETF)

    A security that tracks an index, a commodity or a basket of assets ...
  3. Lion economies

    A nickname given to Africa's growing economies.
  4. Factor Investing

    An investment strategy in which securities are chosen based on ...
  5. Average Cost Basis Method

    A system of calculating the cost basis on mutual fund positions ...
  6. Reverse Gold ETF

    Exchange traded funds that are designed to trade in a direction ...
  1. Can an investor buy leveraged ETFs that track the automotive sector?

    Learn about the main exchange-traded fund that tracks the automotive sector and how option strategies can be used for stocks ...
  2. What are some examples of smart beta ETFs that use passive and active management?

    Learn about smart beta investment strategies and discover examples of smart beta exchange-traded funds that use both passive ...
  3. What is the difference between the QQQ ETF and other indexes?

    Find out more about the PowerShares QQQ Trust, the index the QQQ tracks, and the difference between QQQ, the SPY and Nasdaq ...
  4. What is the QQQ ETF?

    Find out more about the PowerShares QQQ Trust, what sectors are included in this exchange-traded fund and the top 10 holdings ...

You May Also Like

Related Tutorials
  1. Fundamental Analysis

    Ethical Investing Tutorial

  2. Bonds & Fixed Income

    Investing For Safety and Income Tutorial

  3. Mutual Funds & ETFs

    Top ETFs And What They Track: A Tutorial

  4. Retirement

    Analyzing The Best Retirement Plans And Investment Options

  5. Mutual Funds & ETFs

    Complete Guide To Investment Companies, Funds And REITs

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!