ProShares has launched the ProShares Ultra DJ-UBS Natural Gas and ProShares UltraShort DJ-UBS Natural Gas exchange-traded funds. The two funds are tied to the Dow Jones-UBS Natural Gas Subindex.
“There has been strong demand for geared commodity ETFs, as investors have come to recognize the importance of commodities as part of their alternatives allocation,” said Michael L. Sapir, chairman and chief executive officer of ProShare Capital Management.
ProShares’ geared commodity ETFs, the first of which was launched three years ago, have more than $2.5 billion in assets under management.
-- This article first appeared on Money Management Executive.