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.
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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