As provider of the one of the largest lineups of ETFs, ProShares enjoys broad coverage in the media. Here's what they are saying about ProShares.
(FTSE Russell Index IDEA Blog: Mar 31, 2017)
After rising 14.2% from the U.S. presidential election through year end, domestic small cap stocks (Russell 2000 Index) came back to earth in the first quarter of 2017. Against this backdrop, a group of small-cap market experts—Tom Goodwin of FTSE Russell, Russell Rhoads of the CBOE Options Institute, Steven DeSanctis of Jefferies & Co. and Kieran Kirwan of ProShares—met during the 4th annual FTSE Russell Small Cap Summit. Calling the situation for small caps “a breather,” Kieran highlighted the quality of small-cap companies that have continually grown their dividends over time, “making them a potentially compelling way to invest in this market.” Read more.
(The Wall Street Journal : Mar 27, 2017)
The Wall Street Journal’s Asjlyn Loder said ProShares has debuted two new 3x leverage and inverse oil ETFs, ProShares UltraPro 3x Crude Oil ETF (OILU) and ProShares UltraPro 3x Short Crude Oil ETF (OILD), “stepping into the gap” left last year when Velocity shares delisted their popular crude oil ETNs. She noted the differences between ETFs and ETNs, quoting ProShares’ CEO Michael Sapir, who said the delisting has left some investors “suspicious of crude oil ETNs.” Loder noted that other competitors are seeking approval for similar ETFs, but for now, “ProShares will have the advantage of being first to market, which is often decisive for the success of new ETFs.” Read more.
(CNBC: Mar 22, 2017)
CNBC interviewed ProShares’ Simeon Hyman and Joe Zidle of Richard Bernstein Advisors about the recent stock market selloff. Zidle said the sell-off was an overreaction and that company fundamentals are very strong. He noted record year-over-year earnings growth for small-cap stocks, which have lost all of their gains for the year so far in the sell-off. Simeon agreed there’s a buying opportunity in small caps, but cautioned that small-cap stocks cab be highly leveraged and sensitive to interest rate increases. He highlighted dividend growers, which are quality companies that have strong balance sheets and are better positioned to withstand the headwinds of rate hikes. See the video.
(ETF Daily News: Mar 9, 2017)
ETF Daily News said there have been large liquidations recently in high yield bond ETFs, noting that outflows from investment grade corporate bond ETFs have been significantly smaller. The reporter highlighted ProShares Investment Grade—Interest Rate Hedged (IGHG) among “interest rate hedged products in the space that may very well catch attention given this environment,” noting that it has attracted inflows this year. Read more.
(WealthManagement.com : Mar 7, 2017)
WealthManagement.com’s Brad Zigler said ETFs are barometers of market sentiment, noting the relationship between a capitalization weighted ETF and an equal weighted ETF can reveal changes in the breadth in S&P 500 price moves. He cautioned that there are clouds forming on the market horizon and noted, “momentum is shifting in favor of the short sellers.” He said, “This is fertile ground for a ‘130/30’ strategy like the ProShares LargeCap Core Plus (CSM), which instead of limiting exposure to the long side, sells short the stocks with the most negative expected alpha.” He added that CSM has provided “better-than-market” performance over the past year. See CSM performance. Read more.
ETF Trends highlights dividend grower and interest rate hedged strategies in interview with Simeon Hyman.
(ETF Trends : Mar 2, 2017)
At the Inside ETFs conference, ETF Trends’ Tom Lydon talked to ProShares’ Simeon Hyman about investment strategies for the current market—particularly those providing quality equity exposure and those able to mitigate the effects of rising rates. Hyman discussed ProShares’ dividend grower strategies, noting that while the flagship strategy, ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has over $2.5 billion in assets, investors are not limited to large caps. The dividend grower approach has worked very effectively in small- and mid-cap stocks, too. He noted that the while they should be part of an evergreen asset allocation, small- and mid-cap stocks can in the near term help investors take advantage of the pro-growth push of the new administration. And with dividend grower strategies like REGL (mid-cap) and SMDV (small-cap), investors can get quality companies that aren’t as leveraged as many small- and mid-cap companies. Hyman also suggested interest-rate hedged strategies like IGHG (investment grade) and HYHG (high yield) for the rising rate environment expected with Trump’s pro-growth approach. See the video.
(ETF Advisor : Feb 23, 2017)
ETF Advisor contributor Ron DeLegge said, “the idea that highly geared ETFs should be avoided…couldn’t be more wrong.” He noted that there appears to be a total lack of understanding of how leveraged and inverse ETFs are to be used. The problem isn’t the ETFs themselves, but the misapplication of these products by advisors and investors. The solution is not to ban the use of these products (as many firms have done), but to have firm-wide educational programs that teach advisors that leveraged and inverse ETFs should be limited to clients’ non-core investment portfolios. Read more.
(Forbes: Feb 4, 2017)
Forbes said that according to CFRA, the S&P 500’s dividend-paying stocks returned 15.6% on average last year, around double the average for non-payers. To get “the MVPs, most-valuable players, of dividend-paying stocks, or perhaps funds,” CFRA’s Todd Rosenbluth recommends ProShares S&P 500 Dividend Aristocrats (NOBL). He said “an ETF based on companies with a long-term record of increasingly returning money to shareholders limits the risk profile of the portfolio.” He added that even as rates rise, “dividend growers will remain in favor, as their managements have strong records through various business cycles.” See NOBL performance. Read more.
(Barron’s : Feb 1, 2017)
Barron’s “Focus on Funds” blog featured the ProShares S&P 500 Dividend Aristocrats (NOBL) as CFRA’s focus ETF of the month. The blog said that even though rates are rising, CFRA’s Todd Rosenbluth argues “these dividend growers will still be attractive, as their managements have strong records over time.” The blog said Rosenbluth noted that the market uncertainty brought on by the aging bull market and new administration “make NOBL timely, given the downside protection and attractive valuation of its holdings.” Read more.
MarketWatch noted TOLZ’s performance in a commentary about the recent rally in infrastructure stocks.
(MarketWatch: Jan 20, 2017)
MarketWatch discussed the recent rally in infrastructure stocks following the presidential election, noting “exchange traded funds focused on the infrastructure, industrials and materials industries were among the biggest advancers in 2016 on the prospect that Trump will push Congress to back spending aimed at fixing…the country’s ‘crumbling infrastructure.’” MarketWatch cited ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) among these ETFs, saying it was up 8.9% last year. See TOLZ performance. Read more.