ProShares,
the world’s largest sponsor of leveraged and inverse ETFs, announced
today the launch of the first and only daily 3x leveraged and inverse
crude oil ETFs. ProShares UltraPro 3x Crude Oil ETF (OILU) and ProShares
UltraPro 3x Short Crude Oil ETF (OILD) are benchmarked to the Bloomberg
WTI Crude Oil SubindexSM. OILU and OILD are listed on NYSE
Arca.
“With OILU and OILD, investors can, for the first time, obtain daily 3x
and -3x exposure to crude oil with the liquidity, transparency and
cost-effectiveness of ETFs,” said Michael L. Sapir, chief executive
officer of ProShare Capital Management, the ETFs’ sponsor. “We are
pleased to provide these additional investment choices to knowledgeable
investors who pursue tactical strategies.”
ProShares is also the only sponsor in the U.S. to offer 2x and -2x crude
oil ETFs. The full suite of leverage and inverse crude oil ETFs includes:
About ProShares
ProShares
has been at the forefront of the ETF revolution since 2006. ProShares
now offers one of the largest lineups of ETFs, with more than $26
billion in assets. The company is the leader in strategies such as
dividend growth, alternative and geared (leveraged and inverse).
ProShares continues to innovate with products that provide strategic and
tactical opportunities for investors to manage risk and enhance returns.
ProShares is the leader in dividend growth, alternative and geared
(leveraged and inverse) strategies. Source: ProShares, Strategic Insight
and Lipper, based on number of funds and/or assets, as of December 31,
2016.
These ProShares ETFs seek a return that is -3x or 3x the return of the
index (target) for a single day, as measured from one NAV
calculation to the next. Due to the compounding
of daily returns, the funds’ returns over periods other than one day
will likely differ in amount and possibly direction from the target
return for the same period. These effects may be more pronounced in
funds with larger or inverse multiples and in funds with volatile
benchmarks. Investors should monitor their holdings consistent with
their strategies, as frequently as daily. For more on correlation,
leverage and other risks, please read the prospectus.
Neither these ETFs nor ProShares Trust II are investment companies
regulated under the Investment Company Act of 1940 and neither are
afforded its protections. Investing in ETFs involves a
substantial risk of loss. Investing involves risk, including the
possible loss of principal. These ProShares are non-diversified and
entail certain risks, including risk associated with the use of
derivatives (futures contracts, swap agreements and similar
instruments), imperfect benchmark correlation, leverage and market price
variance, all of which can increase volatility and decrease performance.
There are additional risks related to commodity investments due to large
institutional purchases or sales, and natural and technological factors
such as severe weather, unusual climate change, and development and
depletions of alternative resources. Certain derivative instruments will
subject the fund to counterparty risk and credit risk, which could
result in significant losses for a fund. Short ProShares should lose
money when their benchmarks or indexes rise. Please see the prospectus
for a more complete description of risks. There is no guarantee any
ProShares ETF will achieve its investment objective. These funds
generate a K-1 tax form.
This information must be accompanied or preceded by a current ProShares
Trust II prospectus (http://www.proshares.com/funds/trust_ii_prospectuses.html).
ProShares Trust II (the issuer) has filed a registration statement
(including a prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the prospectus
in that registration statement and other documents the issuer has filed
with the SEC for more complete information about the issuer and this
offering. You may get these documents for free by visiting EDGAR on the
SEC website at sec.gov. Alternatively, the issuer will arrange to send
you the prospectus if you request it by calling 866.776.5125, or visit
ProShares.com.
"Bloomberg®" and "Bloomberg WTI Crude Oil SubindexSM"
are trademarks or service marks of Bloomberg Finance L.P. and its
affiliates (collectively, "Bloomberg") and have been licensed for use
for certain purposes by ProShares. Neither Bloomberg nor UBS Securities
LLC and its affiliates (collectively, "UBS") are affiliated with
ProShares. ProShares have not been passed on by Bloomberg or UBS as to
their legality or suitability. ProShares based on the Bloomberg WTI
Crude Oil Subindex are not sponsored, endorsed, sold or promoted by
Bloomberg or UBS, and they make no representation regarding the
advisability of investing in ProShares. BLOOMBERG AND UBS MAKE
NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.
Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or
completeness of any data or information relating to Bloomberg WTI Crude
Oil Subindex.
ProShares are distributed by SEI Investments Distribution Co., which is
not affiliated with the funds' sponsor.
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