NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading a new ETF….
ProShares Credit Suisse 130/30, under the ticker symbol CSM. This ETF is sponsored by ProShare Advisors LLC.
ProShares Credit Suisse 130/30 (NYSE Arca: CSM)
This ETF seeks investment results, before fees and expenses, that track the performance of the Credit Suisse 130/30 Large-Cap Index (the “Index”). The Index is designed to replicate an investment strategy that establishes either long or short positions in certain of the 500 largest U.S. companies based on market capitalization (the “Universe”) by applying a rules-based ranking and weighting methodology. The design intends to provide an indexed representation of a quantitatively constructed 130/30 U.S. large-cap equity strategy. This is intended to result in the Index having total long exposure of 130% and total short exposure of 30% at each monthly reconstitution date. The Index is intended to have risk characteristics similar to the Universe and generally rise and fall with the Universe, with the goal, but not guarantee, of incremental risk-adjusted outperformance as compared to the Universe.
Source: ETFWorld.com – NYSE Euronext (NYX)
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