ProShares Launches Hedge Fund Replication ETF

Jul 14 2011 | 1:11pm ET

ProShares, an exchange traded funds provider with over $26 billion under management, has launched the Hedge Replication ETF.

ProShares says the aim of the new fund, which is based on Merrill Lynche’s hedge fund replication model, is to “provide the risk/return characteristics of a broad universe of hedge funds without many of the challenges of hedge fund investing.”

“Many portfolios could benefit from the risk/return characteristics of hedge funds, but investors often either can’t or don’t invest in hedge funds because of a variety of challenges,” said Michael L. Sapir, chairman and CEO of ProShare Advisors. “We are pleased to offer an ETF that addresses challenges of hedge fund investing and may be, for many investors, an attractive alternative to hedge funds.”

HDG is the third ETF in the company’s Alpha ProShares category, following the ProShares Credit Suisse 130/30  and  the ProShares RAFI Long/Short.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...