Now Tracking the Largest U.S. Regional Banking Index..
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ProShares, a premier provider of alternative ETFs, today announced that its regional banking equity ETFs will be changing their benchmark index and fund names, effective April 16, 2015.
The ETFs' new index, S&P Regional Banks Select Industry Index, is the largest U.S. regional banking index in terms of ETF assets.1
Name Change Details
|Ticker||Current ETF Name||Current Index||New ETF Name||New Index|
|KRU||Ultra KBW Regional Banking||KBW Regional Banking IndexSM||Ultra S&P Regional Banking||S&P Regional Banks Select Industry Index|
|KRS||Short KBW Regional Banking||Short S&P Regional Banking|
The ETFs will have the following investment objectives:
- KRU will seek daily investment results, before fees and expenses, that correspond to 2x the daily performance of the S&P Regional Banks Select Industry Index.
- KRS will seek daily investment results, before fees and expenses, that correspond to -1x the daily performance of the S&P Regional Banks Select Industry Index.
No other changes are being made to the ETFs at this time.