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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of