ProShares is seeking to roll out the ProShares German Sovereign/Sub-Sovereign ETF, Index Universe reports. The Bethesda, Maryland-based firm has filed with the Securities and Exchange Commission to market exchange-traded fund (ETF) focused solely on German-issued debt.
The portfolio aims to invest in investment-grade fixed-rate debt securities from Germany’s federal government as well as from local government and government-backed agencies in the northern European country. It will track the performance of the German Sovereign & Sub-Sovereign Index, adds ETF Daily News.
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