ProShares has launched the first inverse corporate bond exchange-traded fund (ETF) in the U.S. The ProShares Short Investment Grade Corporate will track the daily performance of the Markit iBoxx $ Liquid Investment Grade Index.
The Maryland-based company’s new offering will be listed on NYSE Arca. ProShares, which rolled out ProShares Short High Yield ETF last week, currently offers six inverse bond ETFs, adds Index Universe.
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