ProShares Launches First German Sovereign/Sub-Sovereign Bond ETF

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Bethesda, MD, January 26, 2012—ProShares, the country's fourth most successful exchange traded fund (ETF) company,1 today announced the launch of ProShares German Sovereign/Sub-Sovereign ETF (NYSE: GGOV), the first ETF in the United States focused on sovereign and sub-sovereign debt from Germany. Germany has the world's third-largest public debt market2 and is widely recognized for its fiscal strength.  The ETF lists on NYSE Arca today.

GGOV seeks to match the performance of Markit iBoxx® EUR Germany Sovereign & Sub-Sovereign Liquid Index, before fees and expenses.

"Many investors have fixed-income portfolios concentrated in high credit quality U.S. bonds," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "This ETF can help these investors manage risk by adding diversification through international bond exposure."

About GGOV’s Benchmark

GGOV's benchmark includes only investment grade debt,3 the majority of which currently has the highest rating from Standard & Poor's, Moody's and Fitch. The benchmark seeks to track the returns of euro-denominated general obligation bonds issued by the Federal Republic of Germany, state governments of Germany, government agencies or institutions, and entities that are owned or guaranteed by German federal or state governments.

About ProShares

ProShares is the country's fourth most successful exchange traded fund (ETF) company,1 with 129 funds and nearly $23 billion in assets.4 ProShares' lineup includes the largest family of geared (leveraged and inverse) ETFs.5 ProShare Advisors and ProShare Capital Management are affiliated with ProFund Advisors, which was founded in 1997. Together, they manage more than $26 billion in ETF and mutual fund assets.4

Media contact

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

Investor contact:

ProShares, 866.776.5125, ProShares.com


Jan 26, 2012
 

1 Source: Financial Research Corporation, based on analysis of organic net sales of U.S. exchange traded products (as of 6/30/2011). Includes products launched by their current management company; excludes products acquired through purchase or merger.
2 CIA World Factbook 2011
3 At the time of quarterly rebalancing
4 Assets as of 12/31/2011
5 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 6/30/2011).