January 13, 2012 at 06:00 AM EST
ProShares Rolls Out First Inflation Breakeven ETFs (RINF, FINF)
ProShares is continuing to build out its suite of ETFs offering exposure to alternatives, announcing this week the launch of a pair of funds designed to offer exposure to “breakeven inflation.” That term refers to the spread difference in yield between Treasuries and TIPS (i.e., the yield on Treasuries less the yield on TIPS of comparable duration), which is one measure of the rate of inflation that is expected from the market. The two new ETFs are: ProShares 30 Year TIPS/TSY Spread (RINF): This ETF seeks to deliver results that correspond to the performance of the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index. That benchmark consists of a long position in the most recently issued 30 year TIPS bond and short positions in U.S. Treasuries of the closest maturity. ProShares Short 30 Year TIPS/TSY Spread (FINF): This ETF seeks to deliver daily returns that equal -1x of the daily change [...] Click here to read the original article on ETFdb.com. Related Posts: December ETF Roundup: Launches, Filings, and Closures New Inflation / Deflation ETNs: Better Than TIP? ProShares Files For Innovative ‘Inflation ETFs’ Another Inflation Fighting ETF On Tap Inflation ETF Special: 25 ETF Ideas To Fight Rising Prices
ProShares is continuing to build out its suite of ETFs offering exposure to alternatives, announcing this week the launch of a pair of funds designed to offer exposure to “breakeven inflation.” That term refers to the spread difference in yield between Treasuries and TIPS (i.e., the yield on Treasuries less the yield on TIPS of comparable duration), which is one measure of the rate of inflation that is expected from the market. The two new ETFs are:  ProShares 30 Year TIPS/TSY Spread (RINF): This ETF seeks to deliver results that correspond to the performance of the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index. That benchmark consists of a long position in the most recently issued 30 year TIPS bond and short positions in U.S. Treasuries of the closest maturity. ProShares Short 30 Year TIPS/TSY Spread (FINF): This ETF seeks to deliver daily returns that equal -1x of the daily change [...]

Click here to read the original article on ETFdb.com.

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