Dallas, Texas 04/03/2014 (FINANCIALSTRENDS) – ProShares UltraShort MidCap400 (ETF) (NYSEARCA:SPXU) one of the leading suppliers of alternative exchange traded funds has launched an ETF that focuses primarily on infrastructure. The company last month announced the launch of ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) which is first of its kind which focuses on company’s related to infrastructure operations. According to ProShare Advisors LLC Chairman and CEO, Michael Sapir the opportunities in the Infrastructure investment are significantly growing due the increasing demands globally. The new ETF TOLZ covers companies which have at least 70% of their cash generated from its infrastructure possessions such as ports, toll roads, communications, airports, oil and gas storage and transport, electricity distribution and water in both urbanized and up-and-coming markets.
ProShares UltraShort MidCap400 Interest Rate Hedged ETF Assets cross $100 Million
ProShares UltraShort MidCap400 which offers largest alternative ETFs in US has 145 ETFs . According to the reports the company’s ETF consists of Hedge Strategies, Global Fixed Income, Geared (leveraged and inverse), and Inflation and Volatility ETFs. According to the reports, the company has gathered more than 100 million in assets from its High Yield—Interest Rate Hedged ETF (HYHG). HYHG which was launched in May 2013 offers a portfolio of high yield bonds with a built-in interest rate hedge. HYHG tracks the performance of the Citi High Yield (Treasury Rate-Hedged) Index. The index is intended to offer diversified coverage to a liquid portfolio of high yield bonds to alleviate the impact of interest rate activities. These bonds should have at least $1 billion and should have been issued within last five years with one year left for its maturity to be included in the index. For a user it is restricted to two issues and only 2% of the index is allocated.