ProShares Joins Pershing’s FundVest® ETF No-Transaction-Fee Platform with Seven Funds
PROSHARES ULTRAPRO SHORT NASDAQ BIOTECH (ZBIO)
Company Research
Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)-- ProShares, a premier provider of ETFs, announced that it has joined FundVest® ETF, the no-transaction-fee exchange traded fund platform by BNY Mellon’s Pershing (“Pershing”). The seven ETFs include ProShares’ popular Dividend Aristocrats®, Large Cap Core Plus and Global Infrastructure funds. "No-transaction-fee platforms are gaining popularity, as investors look to reduce costs within their investment portfolios," said Steve Cohen, managing director at ProShares. “Our inclusion in the Pershing no-transaction-fee platform will allow financial professionals and their clients to further leverage the ProShares ETF lineup in a cost-effective manner." The seven ProShares funds that became available on Pershing's FundVest® ETF platform as of June 13, 2019 are: Fund Name
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