ProShares Launches First Short Term Emerging Markets Bond ETF

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Short duration fund offers attractive yield potential with reduced interest rate sensitivity

Bethesda, MD – November 21, 2013 – ProShares, a premier provider of alternative ETFs, today launched the Short Term USD Emerging Markets Bond ETF (EMSH), the first short term emerging markets bond ETF in the United States. The ETF is designed to offer attractive yield potential with reduced interest rate sensitivity.

"Investors concerned about rising interest rates have been flooding into short term bond ETFs," said Michael Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to introduce the nation's first short term emerging markets bond ETF, which offers exposure to this attractive-yielding asset class while limiting the impact of rising interest rates."

The ETF tracks the DBIQ Short Duration Emerging Market Bond IndexSM, which is composed of a diversified portfolio of U.S. dollar-denominated emerging markets bonds with a weighted average maturity of three years or less. The index currently includes bonds from 19 countries issued by sovereign governments, other government entities and agencies, as well as corporations that have significant government ownership. A country’s weight in the index is capped at 10%. Bonds must have a minimum $500 million outstanding issuance to be eligible.

About ProShares

Offering the nation's largest lineup of alternative ETFs, ProShares helps investors to go beyond the limitations of conventional investing and face 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 144 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,

Investor Contact:

ProShares, 866.776.5125,

Nov 21, 2013