130/30 ProShares ETF planned

ProShare Advisors is planning to roll out what could be the first exchange traded fund to follow a 130/30 investment strategy.
JUN 14, 2011
By  Bloomberg
ProShare Advisors LLC of Bethesda, Md., is planning to roll out what could be the first exchange traded fund to follow a 130/30 investment strategy, whereby it shorts 30% of its portfolio and uses the proceeds to go long an extra 30% in areas where growth is anticipated. Such strategies are becoming more common within mutual funds. The proposed 130/30 ProShares ETF would follow an as-yet-to-be-named 130/30 index, according to the prospectus filed Dec. 7, 2007.

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