ProShares Ultra Nasdaq Cybersecurity (UCYB) and
Ultra Nasdaq Cloud Computing (SKYU)
Today, premier ETF provider ProShares launched its first
leveraged thematic investing ETFs.
ProShares Ultra Nasdaq Cybersecurity (UCYB) seeks investment
results, before fees and expenses, that correspond to two times
(2x) the daily performance of the Nasdaq CTA Cybersecurity Index.
ProShares Ultra Nasdaq Cloud Computing (SKYU) seeks investment
results, before fees and expenses, that correspond to two times
(2x) the daily performance of the ISE CTA Cloud Computing
Index.
“The growing need for remote computing, and our increased
reliance on secure internet communications and
connectivity—existing themes accelerated by the coronavirus
pandemic—have expanded the already significant investment
opportunities in the cybersecurity and cloud computing industries,”
says ProShares CEO Michael L. Sapir. “Our new ETFs will offer
investors a way to gain leveraged exposure to these rapidly
changing industries in a transparent ETF format.”
UCYB’s index provides access to companies classified as
“cybersecurity” by the Consumer Technology Association
(“CTA”)—companies focused primarily on the building, implementation
and management of technologies to protect networks, computers and
mobile devices from cyber threats. SKYU’s index provides access to
companies classified as “cloud computing” by the CTA—firms
providing Infrastructure-as-a-Service (servers, storage, and
networks), Platform-as-a-Service (systems for the creation of
online software) and Software-as-a-Service (software applications
delivered over the internet) to their customers and end users. Both
indexes are managed by Nasdaq.
ProShares ETF
Ticker
Daily Exposure
Index
ProShares Ultra Nasdaq Cybersecurity
UCYB
2x
Nasdaq CTA Cybersecurity Index
ProShares Ultra Nasdaq Cloud Computing
SKYU
2x
ISE CTA Cloud Computing Index
ProShares is a leader in thematic investing, with eight ETFs in
its lineup. UCYB and SKYU build on the firm’s success in this space
by adding new leveraged opportunities to the company’s strategic
lineup of retail disruption, infrastructure, pet care and
transformational changes ETFs.
About ProShares
ProShares has been at the forefront of the ETF revolution since
2006. ProShares now offers one of the largest lineups of ETFs, with
more than $45 billion in assets. The company is the leader in
strategies such as dividend growth, interest rate hedged bond and
geared (leveraged and inverse) ETF investing. ProShares continues
to innovate with products that provide strategic and tactical
opportunities for investors to manage risk and enhance returns.
Important Information
These leveraged ProShares ETFs seek returns that are 2x the
return of their underlying benchmarks (target) for a single
day, as measured from one NAV calculation to the next. Due to
the compounding of daily returns, holding periods of greater than
one day can result in returns that are significantly different than
the target return and ProShares' returns over periods other than
one day will likely differ in amount and possibly direction from
the target return for the same period. These effects may be more
pronounced in funds with larger or inverse multiples and in funds
with volatile benchmarks. Investors should monitor their holdings
as frequently as daily. Investors should consult the prospectus for
further details on the calculation of the returns and the risks
associated with investing in this product.
Investing involves risk, including the possible loss of
principal. Leveraged ProShares ETFs are non-diversified and
entail certain risks, including risk associated with the use of
derivatives (swap agreements, futures contracts and similar
instruments), imperfect benchmark correlation, leverage and market
price variance, all of which can increase volatility and decrease
performance. Please see their summary and full prospectuses for a
more complete description of risks. There is no guarantee any
ProShares ETF will achieve its investment objective.
Natural or environmental disasters, including pandemics and
epidemics, have been and can be highly disruptive to economies and
markets and have recently led, and may continue to lead, to
increased market volatility and significant market losses.
Cybersecurity companies are subject to rapid changes in
technology, worldwide competition, rapid obsolescence of products
and services, loss of patent protections, cyclical market patterns,
evolving industry standards, and frequent new product
introductions.
Cloud computing companies are subject to rapid changes in
technology, worldwide competition, rapid obsolescence of products
and services, loss of patent protections, cyclical market patterns,
evolving industry standards, frequent new product introductions,
evolving regulation of the Internet and new privacy laws. Such
companies are also susceptible to operational and information
security risks.
These funds concentrate their investments in certain sectors.
Narrowly focused investments typically exhibit higher
volatility.
Carefully consider the investment objectives, risks, charges
and expenses of ProShares before investing. This and other
information can be found in their summary and full prospectuses.
Read them carefully before investing.
Nasdaq® is a registered trademark of Nasdaq, Inc. and is
licensed for use by ProShare Advisors LLC. ProShares ETFs have not
been passed on by Nasdaq, Inc. or its affiliates as to their
legality or suitability. ProShares ETFs based on the Nasdaq CTA
Cybersecurity IndexSM and the ISE CTA Cloud Computing Index are not
issued, sponsored, endorsed, sold, or promoted by Nasdaq, Inc. or
its affiliates, and they make no representation regarding the
advisability of investing in ProShares ETFs. THESE ENTITIES AND
THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO PROSHARES.
ProShares are distributed by SEI Investments Distribution Co.,
which is not affiliated with the funds' advisor.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210121005202/en/
Media: Tucker Hewes, Hewes Communications, Inc.,
212.207.9451, tucker@hewescomm.com
For Investor and Financial Professional inquiries:
ProShares, 866.776.5125, ProShares.com
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