ProShares, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of two new ETFs that provide inverse exposure to the U.S. Treasury market.
The ProShares UltraShort 3-7 Year Treasury (NYSE: TBZ) is the first ETF in the United States to provide inverse exposure to the 3-7 year segment of the U.S. Treasury market. TBZ seeks to provide -2x the daily performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index, before fees and expenses. The ProShares Short 7-10 Year Treasury (NYSE: TBX) seeks to provide -1x the daily performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index, before fees and expenses. Both ETFs list on NYSE Arca today.
“Our lineup of inverse bond ETFs has been extremely popular, garnering more than $7 billion of assets since launching less than three years ago,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. “We are pleased to add two additional ETFs to the set of tools available to investors concerned about a possible pullback in bonds.”
TBZ and TBX bring ProShares’ lineup of inverse bond ETFs to eight. Six of the eight ETFs are benchmarked to a Treasury bond index. One is benchmarked to a high yield bond index (NYSE: SJB) and one to an investment grade bond index (NYSE: IGS). SJB and IGS both launched in the past two weeks.
|ProShares||Ticker Symbol||Index||Daily Objective*|
|New Inverse Bond ETFs|
|UltraShort 3-7 Year Treasury||TBZ||Barclays Capital U.S. 3-7 Year Treasury Bond Index||-2x|
|Short 7-10 Year Treasury||TBX||Barclays Capital U.S. 7-10 Year Treasury Bond Index||-1x|
|Existing Inverse Bond ETFs|
|UltraShort 20+ Year Treasury||TBT||Barclays Capital U.S. 20+ Year Treasury Bond Index||-2x|
|Short 20+ Year Treasury||TBF||Barclays Capital U.S. 20+ Year Treasury Bond Index||-1x|
|UltraShort 7-10 Year Treasury||PST||Barclays Capital U.S. 7-10 Year Treasury Bond Index||-2x|
|TPS|| Barclays Capital U.S. Treasury Inflation Protected
Securities (TIPS) Index (Series-L)
|Short High Yield||SJB||Markit iBoxx $ Liquid High Yield Index||-1x|
|Short Investment Grade Corporate||IGS||Markit iBoxx $ Liquid Investment Grade Index||-1x|