ProShares Launches First U.S. Equity ETF Specifically Designed to Outperform in a Rising Rate Environment
ProShares Equities for Rising Rates ETF (EQRR)
US:NASDAQ Investor Relations:
proshares.com/funds/eqrr.html
Company Research
Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)-- ProShares, a premier provider of ETFs, announced today the launch of ProShares Equities for Rising Rates ETF (EQRR), the first U.S. equity ETF specifically designed to outperform traditional large-cap indexes, such as the S&P 500, in a rising interest rate environment. The fund is benchmarked to the Nasdaq U.S. Large Cap Equities for Rising Rates Index and is listed on the Nasdaq exchange. “EQRR is for investors who expect rising interest rates and want to outperform traditional large-cap indexes as rates go up,” said Michael L. Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares. “EQRR takes those sectors most positively correlated with interest rates, then within those sectors invests in the companies that have tended to outperform during periods of rising rates." The fund seeks to track the performance of the Nasdaq U.S. Large Cap
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