ProShares Announces Important Changes to Its China ETFs

Underlying index changes methodology

BETHESDA, Md.--()--ProShares, a premier provider of alternative exchange traded funds, announced changes to its China ETFs. Beginning on September 22, the underlying index for its China ETFs, the FTSE China 25 Index, will now consist of 50 securities (from 25 securities) and is being renamed FTSE China 50 Index. ProShares China ETFs will track the revised index and are being renamed to reflect the change.

Old Name     Ticker         New Name    
ProShares Ultra FTSE China 25     XPP         ProShares Ultra FTSE China 50    
ProShares Short FTSE China 25     YXI         ProShares Short FTSE China 50    
ProShares UltraShort FTSE China 25     FXP         ProShares UltraShort FTSE China 50    

FTSE announced that it is making the change to the index in response to evolving market conditions and client demand. As part of the migration to 50 securities, the index will complete its allocations to the additional securities in three periodic reviews by November 24, 2014.

About ProShares

ProShares offers the nation’s largest lineup of alternative ETFs. We help investors to go beyond the limitations of conventional investing and face today’s market challenges. ProShares helps investors build better portfolios by providing access to alternative investments delivered with the liquidity, transparency and cost-effectiveness of ETFs. Our lineup of over 145 alternative ETFs can help you reduce volatility, manage risk and enhance returns.

ProShares has the largest lineup of alternative ETFs in the United States, according to Strategic Insights (“SI”), based on an analysis of all the known alternative ETF providers (as defined by SI) by their number of funds and assets (as of 1/31/2014).

These ProShares ETFs seek returns that are 2x, -1x or -2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, 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 consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

Investing involves risk, including the possible loss of principal. These ProShares 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. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and economic or political instability. Securities focusing on a single country may be subject to higher volatility. In emerging markets, all these risks are heightened, and lower trading volumes may occur. Please see the prospectus for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective. Investing in ETFs involves a substantial risk of loss.

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.

“FTSE®,” “FTSE China 25” and “FTSE China 50” have been licensed for use by ProShares. FTSE is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by the FTSE International Limited (“FTSE”) under license. ProShares have not been passed on by FTSE or its affiliates as to their legality or suitability. ProShares based on the FTSE China 50 Index are not sponsored, endorsed, sold or promoted by FTSE or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS 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.


Media Contact:
Hewes Communications, Inc.
Tucker Hewes, 212-207-9451
Investor Contact:
ProShares, 866-776-5125,

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Release Summary

ProShares announced that the underlying index for its China ETFs, the FTSE China 25 Index, will now consist of 50 securities (from 25 securities) and is being renamed FTSE China 50 Index.