ProShares Launches First Inverse Investment Grade Corporate Bond ETF

ProShares, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of the first ETF in the United States that provides inverse exposure to the investment grade corporate bond market.

The ProShares Short Investment Grade Corporate (NYSE: IGS) seeks to provide -1x the daily performance of the Markit iBoxx® $ Liquid Investment Grade Index, before fees and expenses. The ETF lists on NYSE Arca today.

“There are signs that investment grade corporate bonds could possibly be richly valued relative to historical levels. Since the financial crisis, investment grade corporate bond indexes have reached record highs ¹, and credit spreads have tightened significantly,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. “For investors who believe that investment grade corporates could come under pressure, IGS can be used to help hedge against or to seek to benefit from potential declines.”

IGS expands ProShares’ popular lineup of inverse bond ETFs to six. ProShares’ four inverse Treasury bond ETFs have garnered more than $7 billion of assets since launching less than three years ago. The firm launched its fifth inverse bond fund, ProShares Short High Yield (NYSE: SJB), last week.

ProShares		Ticker Symbol			Index		Daily Objective*
New Inverse Bond ETF
Short Investment Grade Corporate		IGS			Markit iBoxx $ Liquid Investment Grade Index		-1x
Existing Inverse Bond ETFs
Short High Yield		SJB			Markit iBoxx $ Liquid High Yield Index		-1x
UltraShort 20+ Year Treasury		TBT			Barclays Capital 20+ Year U.S. Treasury Index		-2x
UltraShort 7-10 Year Treasury		PST			Barclays Capital 7-10 Year U.S. Treasury Index		-2x
UltraShort TIPS		TPS			Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L)		-2x
Short 20+ Year Treasury		TBF			Barclays Capital 20+ Year U.S. Treasury Index		-1x

* Before fees and expenses

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