Name of ETF: ProShares UltraShort MSCI Emerging Markets
Benchmark Index: MSCI Emerging Markets Index
Ticker Symbol: EEV
Key Points:
- This ETF is based on the MSCI Emerging Markets Index.
- This ETF attempts to produce investment results in the opposite direction of the index. If the MSCI Emerging Markets Index goes up, the ETF is designed to go down. If the MSCI Emerging Markets Index goes down, the ETF is designed to go up.
- This ETF is a leveraged ETF which means it attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is -2x (-200%) which means the ETF is seeking results equal to -200% of the benchmark index performance.
- Leveraged and short (inverse) ETFs are widely regarded as instruments for sophisticated investors only. Substantial losses can occur in a short period of time. Leveraged ETFs should only be used by experienced investors who understand leverage risk and are willing to monitor their positions.
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