Market Overview

ProShares Files Plans for Rising Inflation ETFs


ProShares, the largest issuer of inverse and leveraged ETFs, has filed plans with the Securities and Exchange Commission (SEC) to introduce the ProShares 10yr Rising Inflation ETF, which will be a triple leveraged play on an underlying index of comprised of long positions in U.S. Treasury Inflation Protected Securities (TIPS) and short positions in traditional Treasuries.

ProShares did not disclose a ticker or expense ratio in its filing.

The new ProShares fund will short Treasuries that pay a fixed coupon and have a maturity at issuance of 2 to 10 years, according to the filing. The ETF will also invest in swaps and money market instruments.

Maryland-based ProShares also filed plans for the ProShares 30yr Rising Inflation ETF. That new fund will also go long TIPS and short other Treasuries. The filing does not mention use of leverage, nor does it include a ticker or expense ratio.

For those looking to bet on falling inflation, ProShares has filed plans for the ProShares 30yr Falling Inflation ETF, which looks to be the unleveraged inverse equivalent of the Rising Inflation ETF. No ticker or expense ratio was disclosed for the Falling Inflation ETF.

ProShares, the fifth-largest U.S. ETF issuer overall, had 122 ETFs with $26.1 billion in assets under management at the end of August, according to data from the National Stock Exchange.

Posted-In: prosharesNews Bonds Specialty ETFs New ETFs Intraday Update Markets ETFs


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