Nasdaq Lists Two New ProShares ETFs
(Thomson Reuters ONE) -
Expands World's Largest Lineup of Geared ETFs
Offers Leveraged and Inverse Exposure to Biotech Companies
NEW YORK, June 23, 2015 (GLOBE NEWSWIRE) -- Today Nasdaq announced that
ProShares will list two new exchange-traded funds (ETFs), UltraPro Nasdaq
Biotechnology ETF (Symbol: UBIO) and UltraPro Short Nasdaq Biotechnology ETF
(Symbol: ZBIO), which will both begin trading today, June 23, 2015. Both funds
track the Nasdaq Biotechnology Index.
"We're pleased to expand our suite of biotech ETFs listed on Nasdaq," said
Michael L. Sapir, cofounder and CEO of ProShares Advisors, LLC, advisor to
ProShares. "We now offer investors four ETFs providing magnified or inverse
exposure to the Nasdaq Biotechnology Index, including the first and only 3x ETF
on the index."
ProShares is the world's largest provider of geared ETFs. Geared ETFs are
designed to offer knowledgeable investors the opportunity to act on their views,
whether it's hedging against downturns with inverse ETFs or using a leveraged
ETF to get magnified exposure to a benchmark.
UBIO seeks to provide 3x and ZBIO seeks to provide -3x the daily performance of
the Nasdaq Biotechnology Index, before fees and expenses. The Nasdaq
Biotechnology Index is a modified capitalization weighted index that includes
Nasdaq-listed companies classified as either biotechnology or pharmaceutical.
"We are thrilled to add UBIO and ZBIO to the ProShares product suite listed on
The Nasdaq Stock Market," said Jeff McCarthy, Vice President and Head of ETP
Listings at Nasdaq. "These two products join the ProShares Ultra Nasdaq
Biotechnology ETF (Symbol: BIB) and ProShares UltraShort Nasdaq Biotechnology
ETF (Symbol: BIS), all benchmarked to the Nasdaq Biotechnology Index (Symbol:
NBI). These launches demonstrate how Nasdaq can provide clients with turn-key
solutions for passive products supporting both listing and index strategy."
Nasdaq operates an efficient platform for successfully introducing a product
suite into one of the single largest pools of liquidity, including market
participants which represent a full spectrum of investors. ETF issuers benefit
from an end-to-end solution that provides ongoing product support including
index licensing, listings opportunities, data offerings and trading services. As
the home to some of the world's most innovative ventures, Nasdaq generates
opportunities for issuers to access new markets and deliver new concepts that
change the way the industry develops, manages and applies ETFs.
About ProShares:
ProShares offers the nation's largest lineup of alternative ETFs. They help
investors to go beyond the limitations of conventional investing and face
today's market challenges. ProShares helps investors build better portfolios by
providing access to alternative investments delivered with the liquidity,
transparency and cost effectiveness of ETFs. Their wide array of alternative
ETFs can help you reduce volatility, manage risk and enhance returns.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of approximately $9.5 trillion and more
than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors detailed
in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
Nothing contained herein should be construed as investment advice from Nasdaq,
either on behalf of a particular financial product or an overall investment
strategy. Nasdaq makes no recommendation to buy or sell any financial product or
any representation about the financial condition of any company or fund.
Investors should undertake their own due diligence and carefully evaluate
financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS
STRONGLY ADVISED.
NDAQG
CONTACT: ProShares Media Contact:
Tucker Hewes
Hewes Communications, Inc.
+1 (212) 207-9451 (office)
tucker(at)hewescomm.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue(at)nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1930705]
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2015 - 15:02 Uhr
Sprache: Deutsch
News-ID 402442
Anzahl Zeichen: 6679
contact information:
Town:
New York
Kategorie:
Business News
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