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ProShares Floats Hedge Fund ETF

ProShares has rolled out a hedge fund exchange-traded fund.

ProShares has rolled out a hedge fund exchange-traded fund. The ProShares Hedge Replication ETF’s benchmark is linked to Merrill Lynch’s hedge fund replication model.

The fund will offer the risk/return characteristics of a wide range of hedge funds without the illiquidity, limited transparency and high fees associated with hedge funds. The ETF is listed on the NYSE Arca.

Click here for the release from Business Wire.

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