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ProShares To Unveil Investment Grade ETF

ProShares will launch its ProShares Short Investment Grade Corporate ETF.

ProShares will launch its ProShares Short Investment Grade Corporate ETF, ETF Daily News reports. The vehicle will track the iBoxx $ Liquid Investment Grade Index.

The fund will invest in derivatives that have similar daily return characteristics as the inverse of the daily return of the index. The assets of the vehicle, which are not invested in derivatives, will be typically held in money market instruments.

Click here for the story from ETF Daily News.

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