As provider of the one of the largest lineups of ETFs, ProShares enjoys broad coverage in the media. Here's some of what they are saying about ProShares.
Morningstar features SPXB as one of three ETFs “offering exposure to higher-quality corporate bonds.”
Morningstar: (June 25, 2020)
Morningstar ETF specialist Neal Kosciulek says though the investment-grade corporate bond market has “traditionally been a safe place for investors,” new issues from “lesser-quality credits have ratched up credit risk in this space.” For investors worried about deteriorating credit quality, he recommends several ETFs designed to dial down credit risk. He features the ProShares S&P Bond ETF (SPXB), which tracks the S&P/MarketAxess Investment Grade Corporate Bond Index and seeks to select the most liquid investment grade bonds from companies in the S&P 500. See SPXB holdings and performance
QLTA standardized performance, as of 6/30/20: one-year 10.34%(NAV)/10.64% (Market Price); three-year 6.19% (NAV)/6.36% (Market Price); five-year 5.51% (NAV)/5.72% (Market Price); since inception (2/14/12) 4.35% (NAV)/4.42% (Market Price). GIGB standardized performance, as of 6/30/20: one-year 10.14% (NAV)/10.59% (Market Price); since-inception (6/6/17) 6.30% (NAV)/6.50% (Market Price). Past performance does not guarantee future results.
Information on QLTA and GIGB is provided strictly for illustrative purposes and should not be deemed an offer to sell or a solicitation of an offer to buy shares of any ETFs other than SPXB, that are described in this article.
Morningstar features SPXB as one of three ETFs “offering exposure to higher-quality corporate bonds.”
Morningstar: (June 25, 2020)
Morningstar ETF specialist Neal Kosciulek says though the investment-grade corporate bond market has “traditionally been a safe place for investors,” new issues from “lesser-quality credits have ratched up credit risk in this space.” For investors worried about deteriorating credit quality, he recommends several ETFs designed to dial down credit risk. He features the ProShares S&P Bond ETF (SPXB), which tracks the S&P/MarketAxess Investment Grade Corporate Bond Index and seeks to select the most liquid investment grade bonds from companies in the S&P 500. See SPXB holdings and performance
Information on QLTA and GIGB is provided strictly for illustrative purposes and should not be deemed an offer to sell or a solicitation of an offer to buy shares of any ETFs other than SPXB, that are described in this article.
Investor Place features PAWZ as a “treat for investors” in interview with Simeon Hyman.
Investor Place: (May 29, 2020)
In an interview with Simeon Hyman, Investor Place’s John Kilhefner says despite recent stock market turbulence, “trends in the pet world stand firm” as spending on pet care is expected to “surpass $200 billion per year by 2025.” Hyman attributes the growth to a number of factors, including the rise of pet ownership and an increase in premium spending, while noting that mergers and acquisitions activity may indicate corporate and investor interest in pet care. PAWZ follows the FactSet Pet Care index, which invests in a range of companies that stand to potentially benefit from the proliferation of pet ownership and the emerging trends affecting how we care for our pets. High short-term performance is unusual and investors should not expect such performance to be repeated. See PAWZ performance and fund holdings.
WSJ says “A Surge in Online Retailing Boosts an ETF Called CLIX”
WSJ: (May 3, 2020)
Quoting ProShares’ Simeon Hyman, The Wall Street Journal’s Gerrard Cowan says the economic lockdown caused by the COVID-19 pandemic has “accelerated a trend that was under way: the rise of online shopping and decline of bricks-and-mortar shops.” Cowan states that ProShares CLIX ETF, which holds a 100% long position in retailers that principally sell online and a 50% short position in traditional brick and mortar retailers, is in “a sweet spot” due to the current market environment. Certain sectors and markets perform exceptionally well based on current market conditions and CLIX can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. See CLIX performance and holdings.
Bloomberg features CLIX as “The Retail ETF Prospering Despite the Coronavirus Pandemic”
Bloomberg: (April 20, 2020)
Bloomberg host Guy Johnson says though the retail sector has “been hit particularly hard by COVID-19”,
one fund—the ProShares Long Online/Short Stores ETF (CLIX)--is “on the 2020 performance leaderboard.” Bloomberg Intelligence ETF Analyst James Seyffart says “this is an acceleration of a slow moving trend that’s been going on for years” and the fund is “doing exactly what its name says it does” by offering exposure to stores that have faced challenges as well as opportunities in the current market. CLIX holds a 100% long position in retailers that principally sell online or through non-store channels and a 50% short position in traditional brick-and-mortar stores. Certain sectors and markets perform exceptionally well based on current market conditions and CLIX can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. See CLIX performance and holdings.
Barron’s 'The ‘Dividend Aristocrats’ Add 7 New Members
Barron's: (February 7, 2020)
Barron’s Lawrence C. Strauss says “the club is getting bigger” as 7 new companies were added to the S&P 500 Dividend Aristocrats Index. The index is made up of 64 companies that have increased their dividends for a minimum of 25 consecutive years and “are considered proxies for well-established companies that have a long history of increasing their dividends every year.” The entrants include Albemarle, Amcor, Atmos Energy, Essex Property Trust, Expeditors International of Washington, Ross Stores, and Reality Income. See index holdings. (Subscription required)
Financial Advisor (FA) magazine highlights dividend growth strategies in interview with Simeon Hyman.
FA Magazine: (November 7, 2019)
In an interview with FA’s Tom Kostigen at Schwab IMPACT, ProShares’ Simeon Hyman says advisors are looking for ETF opportunities that address where we are in the market and the choices “go far beyond the market cap-weighted indices.” For offensive and defensive plays, Hyman focuses on dividend growth strategies such as NOBL, which tracks quality companies in the S&P 500 Dividend Aristocrats Index that have raised their dividends for a minimum of 25 consecutive years. He highlights ProShares’ two new dividend growth ETFs, ProShares S&P Technology Dividend Aristocrats ETF (TDV) and ProShares Russell U.S. Dividend Growers ETF (TMDV). See funds NOBL, TDV, and TMDV index holdings.
Barron’s Lawrence C. Strauss covers the launch of TDV and TMDV.
Barron's: (November 5, 2019)
Barron’s contributor Lawrence C. Strauss states that ProShares is “putting its chips” in dividend growth by launching two new ETFs—ProShares S&P Technology Dividend Aristocrats ETF (TDV) and ProShares Russell U.S. Dividend Growers ETF (TMDV). He quotes Simeon Hyman, who states that dividend growth companies offer qualities “such as better margins and earnings consistency” and investors “can apply dividend growth in areas where people haven’t historically thought about high-growth companies.” TDV focuses on technology companies that have raised their dividends for seven consecutive years, while TMDV is a total market, all-cap fund that targets companies in the Russell 3000 Index that have raised their dividends for a minimum of 35 consecutive years. The new funds join six other ProShares ETFs, including NOBL, REGL and SMDV, to make up the dividend growth suite of products. See TDV holdings and index information. See TMDV holdings and index information.
The Wall Street Journal quotes Michael Sapir in feature story on the $4 trillion ETF industry.
WSJ: (October 28, 2019)
According to WSJ’s Michael Wursthorn, many asset managers believe the ETF industry is “entering a new phase of competition and oversaturation,” noting that over 90 funds have closed this year. ProShares' CEO Michael Sapir says it’s become harder to expand in the marketplace as more participants enter the ETF industry, leading to “a lot of roadkill out there.” Wursthorn points out that though ETF’s assets are growing, only 100 funds captured 83% of those assets, managed by the largest ETF providers. He notes that firms such as ProShares are launching niche funds with less competition and highlights PAWZ, the first ETF that allows investors to capitalize on people’s passion for their pets. See PAWZ performance.
ProShares’ Kieran Kirwan discusses what to expect from the Q3 earnings season in an interview with TD Ameritrade.
TD Ameritrade: (October 11, 2019)
In an interview with ProShares’ Kieran Kirwan, TD Ameritrade’s Oliver Renick questions what will happen in the market if we experience declines in earnings, noting that nearly every sector is a “big winner” in the current market. Kirwan agrees, stating that the market is expecting about a four percent decline in earnings in Q3, and after two quarters with little earnings growth, one “needs to wonder where some of that growth is going to come from.” For investors interested in earnings growth and yield, he suggests large-cap and small-cap dividend growth strategies and features NOBL, which focuses exclusively on companies in the S&P 500 Dividend Aristocrats Index that have grown dividends for a minimum of 25 consecutive years. See NOBL index holdings.