Guide To ETF Providers: ProShares
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  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

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
Guide To ETF Providers: ProShares
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