ProShares 130/30 ETF Crosses $100 Million In AUM
ProShares, the largest issuer of inverse and leveraged ETFs, said its ProShares Credit Suisse 130/30 (NYSE: CSM), the nation's only 130/30 ETF, has surpassed $100 million in assets. Introduced in 2009, CSM seeks to track the Credit Suisse 130/30 Large-Cap Index and has an expense ratio of 0.95%.
From its inception on July 13, 2009 through the end of the first quarter, CSM has outperformed the S&P 500 by 299 basis points, ProShares said in a statement.
CSM gives investors both long and short exposur at the same time by purchasing $130 in highly attractive stocks and shorting $30 in unattractive names for each $100 invested. The fund was the first in the Alpha ProShares ETF family.
From its inception on July 13, 2009, to March 31, 2011, CSM's market price cumulative total return was 55.29% compared to 52.30% for the S&P 500, ProShares said in the statement.
Maryland-based ProShares issues 121 ETFs and has more than $26 billion in ETF AUM.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.