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PROSHARES ULTRAPRO SP 500 (UPRO) 141.81 -$1.27 (-0.89%) 02:34AM (15 mins delay)

ProShares Steps Up Leveraged ETF Disclosures

Jun 29, 2009 - 3:15 PM EDT

Ron Rowland submits:

ProShares stepped up their leveraged ETF game last week with the introduction of their first pair of 3x ETFs. Many analysts covered this story. However, a significant part of the story was mostly overlooked - ProShares also stepped up the “disclosure” game.

Many have criticized the industry for not adequately warning investors about the negative effect of holding leveraged ETFs for more than short periods of time. Some have gone so far as saying that leveraged ETFs should be banned. I believe education is a better solution, and last April I wrote an article showing a real life example of the 3x impact.

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Source: Seeking Alpha (Jun 29, 2009 - 3:15 PM EDT)