Daily ETF Watch: ProShares EM Bond ETF

December 02, 2013

ProShares has filed paperwork to launch the ProShares USD Emerging Markets Bond-Interest Rate Hedged ETF, which will track the USD Emerging Markets (Treasury Rate-Hedged) Index.


The proposed fund launch comes at a time when rates appear to be on the verge of rising and investors are scouring the globe for yields. The offering will complement the ProShares High Yield Interest Rate Hedged ETF (HYHG) and the ProShares Investment Grade-Interest Rate Hedged ETF (IGHG).

The index comprises long positions in a diversified portfolio of USD emerging market bonds and short positions in U.S. Treasury notes or bonds.

No tickers or associated fees are yet available for the fund.


  • PowerShares is looking to launch the PowerShares Alternative Multi-Strategy Portfolio on the Nasdaq exchange. The proposed master-feeder fund will employ a plethora of alpha-seeking strategies including quantitative, volatility and carry strategies, which are designed to bet on high interest currencies and trade them against low-interest-bearing ones, according to a filing.
  • Effective Feb. 3, 2014, Emerging Global Advisors’ EGShares Brazil Infrastructure ETF (BRXX | F-29) is making an index switch from the Indxx Brazil Infrastructure Index to the FTSE Brazil Infrastructure Extended Index.

Also, the EGShares Low Volatility Emerging Markets Dividend ETF (HILO | F-32) is swapping its current Indxx Low Volatility Emerging Markets Dividend Index for the FTSE Emerging All Cap ex Taiwan Low Volatility Dividend Index, and the EGShares Emerging Markets Domestic Demand ETF (EMDD | D-40) is dumping the Indxx Emerging Markets Domestic Demand Index for the Dow Jones Emerging Markets Domestic Demand Index.

  • Effective Dec. 12, the Direxion Daily China Bull 3X Shares ETF (YINN) and Direxion Daily China Bear 3X Shares ETF (YANG) will be renamed the Direxion Daily FTSE China Bull 3X Shares and the Direxion Daily FTSE China Bear 3X Shares, respectively, according to a filing. The funds’ index will also change from the BNY China Select ADR Index to the FTSE China 25 Index.




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