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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

TickerCurrent ProShares ETF NameCurrent IndexNew ProShares ETF NameNew 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.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)

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