ProShares has launched the first ETFs in the United States to provide magnified or inverse exposure to VIX futures.
The ProShares Ultra VIX Short-Term Futures ETF seeks to provide 2x the daily performance of the S&P 500 VIX Short-Term Futures Index. The ProShares Short VIX Short-Term Futures ETF seeks to provide -1x the daily performance of the same index.
“Many investors are focused on volatility of the equity markets and are interested in tools that could help manage or incorporate volatility in sophisticated portfolios,” said Michael L. Sapir, chairman and chief executive officer of ProShare Capital Management. “Now, with our introduction of these new ProShares, investors for the first time can get leveraged or inverse exposure to VIX futures with an exchange-traded fund.”
ProShares first introduced its VIX futures ETFs in 2011.
-- This article first appeared on Money Management Executive.