ProShares, the country’s fourth most successful exchange traded fund (ETF) company, 1 today announced the launch of ProShares 30 Year TIPS/TSY Spread (NYSE: RINF) and ProShares Short 30 Year TIPS/TSY Spread (NYSE: FINF), the first ETFs designed to provide exposure to breakeven inflation, 2 a widely followed measure of inflation expectations. The ETFs list on NYSE Arca today. The two new ProShares ETFs are:
- RINF — seeks to match the performance of the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index, before fees and expenses.
- FINF — seeks to provide the inverse of the daily performance of the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index, before fees and expenses.
Investing involves risk, including the possible loss of principal. These Funds are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Short ProShares should lose money when their benchmarks or indexes rise. Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial adviser or broker/dealer representative or by visiting proshares.com. There is no guarantee any ProShares ETF will achieve its investment objective.The “Dow Jones Credit Suisse 30-Year Inflation Breakeven Index” is a joint product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and Credit Suisse Securities (USA) LLC (“Credit Suisse”). "Dow Jones ®" "DJ," "Dow Jones Indexes," "Credit Suisse" and "Dow Jones Credit Suisse 30-Year Inflation Breakeven Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") or Credit Suisse, as the case may be, have been licensed to CME Indexes and sublicensed to ProShares. ProShares have not been passed on by these entities as to their legality or suitability. ProShares based on the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index are not sponsored, endorsed, sold or promoted by Dow Jones, Credit Suisse, CME Indexes or any of their affiliates. Dow Jones, Credit Suisse, CME Indexes and their affiliates make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor.