ProShares Debuts Two Leveraged Bond ETFs

ProShares continued to build out its suite of leveraged and inverse bond ETF offerings, debuting two new products on Thursday that offer leveraged exposure to corporate bonds. Those new additions to a rapidly-expanding ETF product lineup include options for investors seeking amplified exposure to both investment grade and high yield corporate debt. The ProShares Ultra Investment Grade (IGU) will seek to deliver daily results that correspond to 200% of the daily change in the iBoxx $ Liquid Investment Grade Index. That benchmark serves as the underlying for LQD, the largest offering in the Corporate Bonds ETFdb Category with assets under management of about $13 billion. LQD recently had a 30-day SEC yield of about 4.3% and an effective duration of about seven years. Late last month, ProShares rolled out an inverse ETF (IGS) that seeks to deliver daily results equal to -100% of the daily change in that same benchmark [...] Click here to read the original article on ETFdb.com. Related Posts: March ETF Roundup: Launches, Filings, and Closures Country-Specific Bond ETNs Debut ProShares Launches Short Investment Grade Corporate Bond ETF (IGS) ProShares Debuts Short Junk Bond ETF (SJB) ProShares Files For Short Bond ETFs