ProShares Launches First Geared Australian Dollar ETFs


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Bethesda, MD, July 19, 2012—ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today the launch of ProShares Ultra Australian Dollar (NYSE: GDAY) and ProShares UltraShort Australian Dollar (NYSE: CROC), the first ETFs in the U.S. providing magnified or inverse exposure to the Australian dollar. The ETFs list on NYSE Arca today.

  • GDAY seeks to provide 2x the daily performance of the U.S. dollar price of the Australian dollar, before fees and expenses.
  • CROC seeks to provide -2x the daily performance of the U.S. dollar price of the Australian dollar, before fees and expenses.

"The Australian dollar is one of the world’s most actively traded currencies," said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds. "We are pleased to offer investors additional ways to manage risk or potentially take advantage of moves in this widely followed currency market."

The introduction of GDAY and CROC brings ProShares' popular lineup of geared currency ETFs to seven. The firm's existing geared currency ETFs on the euro and the yen have garnered more than $1 billion1 of assets since launching less than four years ago.

ProShares offers the nation's largest lineup of alternative ETFs,2 which includes the world's largest family of geared ETFs,3 with assets of nearly $22 billion.

New currency ETFs:

ProShares Ticker
Benchmark Daily Objective*

Ultra Australian Dollar

GDAY

AUD/USD cross rate

2x

UltraShort Australian Dollar

CROC

AUD/USD cross rate

-2x

*Before fees and expenses.

 

Existing currency ETFs:

ProShares Ticker
Benchmark Daily Objective*

Ultra Euro

ULE

EUR/USD cross rate

2x

UltraShort Euro

EUO

EUR/USD cross rate

-2x

Short Euro

EUFX

EUR/USD cross rate

-1x

Ultra Yen

YCL

JPY/USD cross rate

2x

UltraShort Yen

YCS

JPY/USD cross rate

-2x

*Before fees and expenses.

 

About ProShares

Offering the nation's largest lineup of alternative ETFs, ProShares enables investors to go beyond the limitations of conventional investing and meet today’s market challenges. Each ProShares ETF provides access to an alternative investment strategy delivered with the liquidity, transparency and cost effectiveness of an ETF. ProShares' lineup of 138 ETFs includes Global Fixed Income, Hedge Strategies, Geared (leveraged and inverse), and Inflation and Volatility ETFs.

Media Contact:

Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com

Investor Contact:

ProShares, 866.776.5125, ProShares.com

 


Jul 19, 2012
 

1 $1.16 billion as of July 17, 2012
2 Source: FRC. As of March 31, 2012
3 Source: Lipper, based on a worldwide analysis of all known providers of funds in these categories. The analysis covered ETFs and ETNs by the number of funds and assets (as of June 30, 2011).