BETHESDA, Md. -- (Business Wire)
ProShares, a premier provider of alternative exchange traded funds,
today announced the launch of the ProShares DJ Brookfield Global
Infrastructure ETF (TOLZ), the first ETF providing “pure-play” exposure
to infrastructure.
“Infrastructure investment has become attractive because of growing
global demand, increasing opportunities for private sector investment,
and high barriers to entry that limit competition,” said Michael Sapir,
Chairman and CEO of ProShare Advisors LLC, ProShares’ investment
advisor. “We are pleased to offer the first ETF that invests exclusively
in companies whose primary business is the ownership and operation of
infrastructure.”
About the Index
TOLZ tracks the Dow Jones Brookfield Global Infrastructure Composite.
Its pure-play approach focuses on companies whose assets include
airports, toll roads, ports, communications, electricity distribution,
oil and gas storage and transport, and water in both developed and
emerging markets. To be included in the index, companies must derive
more than 70% of their cash flows from infrastructure assets. The index
excludes companies that supply services such as construction and
engineering to the infrastructure industry.
Since its 2008 inception, the index has generated better returns with
lower volatility than both the S&P 500 and the MSCI World Index.1
About ProShares
Offering the nation's largest lineup of alternative ETFs, ProShares
helps investors to go beyond the limitations of conventional investing
and face today’s market challenges. Each ProShares ETF provides access
to an alternative investment strategy delivered with the liquidity,
transparency and cost effectiveness of an ETF. ProShares' lineup of 145
ETFs includes Global Fixed Income, Hedge Strategies, Geared (leveraged
and inverse), and Inflation and Volatility ETFs.
Disclosure
1From its 7/14/2008 inception through 12/31/2013, TOLZ’s
index outperformed both the S&P 500 and the MSCI World Index with lower
standard deviation. Source: Bloomberg and Morningstar.
ProShares has the largest lineup of alternative ETFs in the United
States according to Financial Research Corporation ("FRC"), based on
analysis of all the known alternative ETF providers (as defined by FRC)
by their number of funds and assets (as of 3/31/2013).
Investing involves risk, including the possible loss of principal.
Indexes are unmanaged and one cannot invest directly in an index. Past
performance does not guarantee future results. This ProShares ETF
entails certain risks, which may include imperfect benchmark correlation
and market price variance, that can increase volatility and decrease
performance. This ETF is subject to risks faced by companies in the
infrastructure, energy and utilities industries to the same extent as
the Dow Jones Brookfield Global Infrastructure Composite Index is so
concentrated. This ETF invests in master limited partnerships (MLPs).
Investments in MLPs expose the ETF to certain tax risks associated with
investing in partnerships. Changes in U.S. tax laws could revoke the
pass-through attributes that provide the tax efficiencies that make MLPs
attractive investment structures. MLPs may also have limited financial
resources, may be relatively illiquid, and may be subject to more
erratic price movements because of the underlying assets they hold. In
addition, a portion of the ETF’s distributions may be a return of
capital, which constitutes the return of a portion of a shareholder’s
original investment. Under tax rules, returns of capital are generally
not currently taxable, but lower a shareholder’s tax basis in their
shares. Such a reduction in tax basis will result in larger taxable
gains and/or lower tax losses on a subsequent sale of shares.
International investments may involve risks from: geographic
concentration, differences in valuation and valuation times, unfavorable
fluctuations in currency, differences in generally accepted accounting
principles, and from economic or political instability. In emerging
markets, all of these risks are heightened, and lower trading volumes
may occur. There is no guarantee any ProShares ETF will achieve its
investment objective.
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.
The “Dow Jones Brookfield Global Infrastructure Composite” Index is a
product of S&P Dow Jones Indices LLC and its affiliates and has been
licensed for use by ProShares. “S&P®” is a registered trademark of
Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”)
and have been licensed for use by S&P Dow Jones Indices LLC and its
affiliates. ProShares have not been passed on by S&P Dow Jones Indices
LLC and its affiliates as to their legality or suitability. ProShares
based on the Dow Jones Brookfield Global Infrastructure Composite Index
are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices
LLC, Dow Jones, S&P or their respective affiliates, and they make no
representation regarding the advisability of investing in ProShares.
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 or sponsor.
Contacts:
Media:
Hewes Communications, Inc.
Tucker Hewes,
212-207-9451
tucker@hewescomm.com
or
Investor:
ProShares
866-776-5125
ProShares.com
Source: ProShares
© 2024 Canjex Publishing Ltd. All rights reserved.