UJB offers a bet against high-yield bonds. The fund delivers 2x exposure of daily returns of a high-yield USD-denominated bond index that comprises issues ranging between 3 and 15 years to maturity. However, the daily reset will prevent the inverse relationship from holding true for more than one day. As a levered product with 2x factor, UJB is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. Over longer periods, returns can vary significantly from 2x exposure to its underlying index. Holding it for a period longer will introduce the effects of compounding, even if this is less pronounced in a non-leveraged product.
公司网站 :
http://www.proshares.com/funds/ujb.html
总经理:-
建立时间:2011
公司总部:ProShares Ultra High Yield ETF
领域:Miscellaneous
行业:Investment trusts/Mutual funds