ProShares, the largest issuer of inverse and leveraged exchange-traded funds, is making changes to some its ETFs ahead of the separation of real estate into its own sector at the end of August.
Real Estate Separation
In 2014 index providers MSCI and Standard & Poor's announced that real estate will be separated from the financial services sector, becoming the eleventh GICS sector in the process. With financial services funds preparing to drop real estate stocks, the UltraPro Financial Select Sector (ProShares Trust (NYSE: FINU)) and the UltraPro Short Financial Select ...
/www.benzinga.com/trading-ideas/long-ideas/16/07/8255587/changes-coming-for-some-proshares-etfs alt=Changes Coming For Some ProShares ETFs>Full story available on Benzinga.com
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