ProShares has announced that its 3x leveraged and inverse financial sector equity ETFs will be changing their benchmark to the.....
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S&P Financial Select Sector Index, the premier index covering the U.S. financial sector.1 The index change and a change to the funds’ names will be effective on or about November 4, 2015.
Index/Name Change Details
|Ticker||Current ProShares ETF Name||Current Index||New ProShares ETF Name||New Index|
|FINU||UltraPro Financials||Dow Jones U.S. Financials Index||UltraPro Financial Select Sector||S&P Financial Select Sector Index|
|FINZ||UltraPro Short Financials||UltraPro Short Financial Select Sector|
The ETFs will have the following investment objectives:
- FINU will seek daily investment results, before fees and expenses, that correspond to 3x the daily performance of the S&P Financial Select Sector Index.
- FINZ will seek daily investment results, before fees and expenses, that correspond to -3x the daily performance of the S&P Financial Select Sector Index.
No other changes are being made to the ETFs at this time.