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ProShares Ultra Financials Message Board

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  • wwwhead222 wwwhead222 Feb 12, 2009 1:53 PM Flag

    New to Ultra Pro Family...

    Rocket, I'll give you the point that the prospectus says, "equities and/or derivitives", but that does not mean that the entire fund is purely derivitives and no equity. BTW, when you were doing a little more research, did you happen to find anything related to your original assertion that this was owned by Citi?

    Here's some additional risk-related info I found in the prospectus.
    Principal Investment Strategies for ProShares Ultra Financials:
    "Committing at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, should have similar economic
    characteristics."

    From the "Special Risks of Exchange-Traded Funds" section on page 16:
    A Precautionary Note to Investment Companies For purposes of the 1940 Act, each Fund is a registered investment company....

    Page 12, "Counterparty Risk (All Funds) A Fund will be subject to credit risk (described below) with respect
    to the amount it expects to receive from counterparties to financial instruments....A Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding and a Fund may obtain only limited recovery or may obtain no recovery in such circumstances."

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