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TheStreet Open House

ProShares Launches First Geared Natural Gas Futures ETFs

ProShares, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of ProShares Ultra DJ-UBS Natural Gas (NYSE: BOIL) and ProShares UltraShort DJ-UBS Natural Gas (NYSE: KOLD), the first ETFs in the United States providing magnified or inverse exposure to natural gas futures.

ProShares Ultra DJ-UBS Natural Gas seeks to provide 2x the daily performance of the Dow Jones-UBS Natural Gas Subindex, before fees and expenses. ProShares UltraShort DJ-UBS Natural Gas seeks to provide -2x the daily performance of the Dow Jones-UBS Natural Gas Subindex, before fees and expenses. The ETFs list on NYSE Arca today.

"There has been strong demand for geared commodity ETFs, as investors have come to recognize the importance of commodities as part of their alternatives allocation," said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds. "We are pleased to introduce the first geared ETFs designed to help investors manage risk or act on their views on natural gas.”

ProShares’ geared commodity ETFs have garnered more than $2.5 billion in assets since being introduced less than three years ago. The launch of BOIL and KOLD expands ProShares’ lineup of geared commodity ETFs to 10, covering silver, gold, crude oil, broad commodities and now natural gas.

                 
ProShares       Ticker Symbol       Index/Benchmark       Daily Objective
New Commodity ETFs
Ultra DJ-UBS Natural Gas       BOIL       Dow Jones-UBS Natural Gas Subindex SM       2x
UltraShort DJ-UBS Natural Gas       KOLD       Dow Jones-UBS Natural Gas Subindex SM       -2x
Existing Commodity ETFs
Ultra Silver       AGQ       Silver Bullion price, London fix       2X
UltraShort Silver       ZSL       Silver Bullion price, London fix       -2x
Ultra Gold       UGL       Gold Bullion price, London p.m. fix       2x
UltraShort Gold       GLL       Gold Bullion price, London p.m. fix       -2x
Ultra DJ-UBS Crude Oil       UCO       Dow Jones-UBS Crude Oil Subindex SM       2x
UltraShort DJ-UBS Crude Oil       SCO       Dow Jones-UBS Crude Oil Subindex SM       -2x
Ultra DJ-UBS Commodity       UCD       Dow Jones-UBS Commodity Subindex SM       2x
UltraShort DJ-UBS Commodity       CMD       Dow Jones-UBS Commodity Subindex SM       -2x
 

About ProShares

ProShares is a premier provider of alternative ETFs, with 126 funds and more than $26 billion in assets. ProShares offers the largest family of geared (leveraged or inverse) ETFs. 1 ProShares is part of ProFunds Group, which was founded in 1997 and includes nearly $30 billion in mutual fund and ETF assets. 2

Short or Ultra ProShares ETFs seek returns that are 3x, 2x, -1x, -2x or -3x the return of an index or other benchmark (target) for a single day , as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation and other risks, please read the prospectus.

1 Source: Lipper, based on a worldwide analysis of all of the known providers of funds in these categories. The analysis covered ETFs and ETNs by the number of funds and assets (as of 6/30/2011).

2 Assets as of 8/31/2011.

Disclosure:

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