ProShares releases short and leveraged ETFs

ProFunds Group, manager of short and leveraged funds, has launched 12 exchange-traded funds (ETF) providing short or leveraged exposure to commodities, the Euro and the Yen. The ETFs tracking broad commodities and crude oil indexes, as well as the ETFs based on the Euro and the Yen, will begin trading today on NYSE Arca, while ETFs benchmarked to gold and silver are to begin trading in the coming weeks. The commodity ETFs provide two times the exposure, or inverse exposure, to the Dow Jones-AIG Commodity index or the Dow-Jones AIG Crude Oil Sub-index, while the Euro and Yen ETFs offer t...