When it comes to exchange-traded funds (ETFs) and other investments, it's worth paying attention to trends south of the border. Sooner or later, they seem to gravitate north.
ProShares Advisors LLC, which manages ETFs for Toronto-based BetaPro Management Inc., last Thursday launched its ProShares Short 20+ Treasury that aims to replicate the inverse performance of the Barclays U.S. 20+ Year Treasury Bond Index for a single day.
Don Dion writes on TheStreet.com suggests that new single-leveraged ETF offering reflects two new trends. The fixed-income ETF market is rapidly expanding, and ProShares appears to be erring on the side of caution by using a "non-exotic index" as double-and tripled-leveraged ETFs come under fire as being unsuitable for many retail investors, he says.Report Typo/Error