QUOTE AND NEWS
Forbes  Mar 25  Comment 
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Barclays High Yield Bond ETF (JNK), which added 7,750,000 units, or a 2.8% increase week over week.
The Economic Times  Sep 9  Comment 
Ashok Leyland will offer a mix of JanBus, midi-buses and ultra low Entry (ULE) buses as a part of the 4000 buses ordered.
Cloud Computing  Sep 26  Comment 
MUNICH and NEUBIBERG, Germany , Sept. 26, 2013 /PRNewswire/ -- Lantiq, a leading supplier of broadband access and home networking technologies, today announced it has joined the ULE Alliance to combine forces for Ultra Low Energy (ULE)...
Globe Newswire  Jan 9  Comment 
SAN JOSE, Calif., Jan. 9, 2012 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (Nasdaq:DSPG), a leading global provider of wireless chipset solutions for converged communications at home, and Crow Electronic Engineering Ltd, a leading provider of advanced
Wall Street Sector Selector  Dec 16  Comment 
International Monetary Fund Managing Director Christine Lagarde issues warning about global economic dangers
EE Times  Sep 13  Comment 
In pursuit of a growing market for “The Internet of Things,” Dialog Semiconductors is going after DECT Ultra Low Energy, instead of ZigBee, Z-Wave or Bluetooth. View the full article HERE.
ABRN  Mar 25  Comment 
After a 20-year absence from IndyCar racing, Pennzoil is returning to the sport in a big way. In addition to being back on the track through the brand?s multi-year alliance with Penske Racing and Penske Corporation, the brand?s premium...
Wall Street Sector Selector  Jan 24  Comment 
The Euro closed up Friday`s session at 136.13, and looks poised to make a run up to test the 140 level in February. I, among many, was thinking the Euro would next test the 125 level, and things(...)Read the rest of Euro ETFs: Euro’s Reversal...
TheStreet.com  Oct 12  Comment 
FXE (Rydex Euro ETF) ULE (ProShares Ultra @ X Euro ETF). Just as the Fed's minutes were announced the euro rallied sharply on the belief more Fed accommodation is coming along with a reinvention of what inflation is.
TheStreet.com  Sep 23  Comment 
FXE (Rydex Euro Currency ETF) and ULE (ProShares Ultra Euro Currency ETF) are both reflecting investor aversion the U.S. Dollar. But, the euro has plenty of problems of its own perhaps being just the best house in a bad neighborhood for now.




 

Proshares Ultra Euro (ULE) is an Exchange Traded Fund (ETF) that seeks to mimic the daily performance of the results, before fees and expenses, corresponding to twice the daily performance of the Euro spot price against the US Dollar. It uses the 4:00 PM (EST) Euro exchange rate, expressed in terms of USD/EUR, provided by Reuters as the basis for the underlying benchmark. In other words, if the USD/EUR declines by 1% for the day, the NAV of ULE will more or less decline by 2%, before fees and expenses. In the same manner, if it rises by 1% for the day, the NAV of ULE rises by 2% as well.

Inception Date: 11/24/08

Fund Information

  • Fund Manager - ProShares ETFs
  • Inception Date - 11/24/2008
  • Exchange – NYSE Arca
  • Index Ticker – ULE
  • Intra-day NAV Ticker – ULE.IV
  • Expense Ratio - 0.95%

Investment Strategy:

The principal investment strategies of this fund include:

  • investing in financial instruments (swaps, forwards, futures, and options) that the sponsors believe will produce twice the daily return of the EUR/USD.
  • assets not invested in financial instruments are invested in cash and / or US Treasury Securities or other high credit quality, short-term, fixed-income securities (e.g. money market funds, bank deposits, bank money market accounts, certain variable rate-demand notes, and repurchase agreements collateralized by government securities, whether denominated in USD or EUR) that will serve as collateral for the financial instruments.

Annual Fund Operating Expenses:

Total Net Annual Fund Operating Expenses: 0.95%

Top Holdings: (As of March 4, 2009)

Company Weight
EUR/USD Forwards Notional Value of $ 9,544,921.89
Cash / Net other Assets Market Value of $ 4,772,486.80

Other Currency ETFs

ETF Name Fund Manager Expense Ratio
Market Vectors Double Long Euro ETN (URR)Van Eck Funds0.65%
Market Vectors Double Short Euro ETN (DRR)Van Eck Funds0.65%
PowerShares DB G10 Currency Harvest Fund (DBV)DB Commodity Services0.75%
PowerShares DB US Dollar Index Bearish Fund (UDN)Invesco PowerShares0.50%
ProShares Ultra Euro ETF (ULE)InvescoPoweshares0.95%
ProShares Ultra Yen ETF (YCL)InvescoPoweshares0.95%
ProShares UltraShort Euro ETF (EUO)ProShares ETFs0.95%
ProShares UltraShort Yen ETF (YCS)ProShares ETFs0.95%
WisdomTree Dreyfus Brazilian Real Fund (BZF)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus Chinese Yuan Fund (CYB)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus Emerging Currency Fund - Active (CEW)WisdomTree Investments, Inc.0.55%
WisdomTree Dreyfus Euro Fund (EU)WisdomTree Investments, Inc.0.35%
WisdomTree Dreyfus Indian Rupee Fund (ICN)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus Japanese Yen Fund (JYF)WisdomTree Investments, Inc.0.35%
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus South African Rand Fund (SZR)WisdomTree Investments, Inc.0.45%
CurrencyShares Australian Dollar Trust ETF (FXA)Currency Shares0.40%
CurrencyShares British Pound Sterling Trust ETF (FXB)Currency Shares0.40%
CurrencyShares Canadian Dollar Trust ETF (FXC)Currency Shares0.40%
CurrencyShares Euro Trust ETF (FXE)Currency Shares0.40%
CurrencyShares Japanese Yen Trust ETF (FXY)Currency Shares0.40%
CurrencyShares Mexican Peso Trust ETF (FXM)Currency Shares0.40%
CurrencyShares Swedish Krona Trust ETF (FXS)Currency Shares0.40%
CurrencyShares Swiss Franc Trust ETF (FXF)Currency Shares0.40%
ELEMENTS Australian Dollar/U.S. Dollar Exchange Rate ETN (ADE)Deutsche Bank AG0.40%
ELEMENTS British Pound/U.S. Dollar Exchange Rate ETN (EGB)Elements Exchange Traded Notes0.40%
ELEMENTS Euro/U.S. Dollar Exchange Rate ETN (ERE)Elements Exchange Traded Notes0.40%
ELEMENTS U.S. Dollar/Canadian Dollar Exchange Rate ETN (CUD)Elements Exchange Traded Notes0.40%
ELEMENTS U.S. Dollar/Swiss Franc Exchange Rate ETN (SZE)Elements Exchange Traded Notes0.40%
EUR/USD Exchange Rate ETN (ERO)Barclays Global Investors iPath Exchange0.40%
GBP/USD Exchange Rate ETN (GBB)Barclays Global Investors iPath Exchange0.40%
iPath Optimized Currency Carry ETN (ICI)Barclays Global Investors iPath Exchange0.65%
JPY/USD Exchange Rate ETN (JYN)Barclays Global Investors iPath Exchange0.50%
Market Vectors Chinese Renminbi/USD ETN (CNY)Van Eck Funds0.55%
Market Vectors Double Long Euro ETN (URR)Van Eck Funds0.65%
Market Vectors Double Short Euro ETN (DRR)Van Eck Funds0.65%
Market Vectors Indian Rupee/USD ETN (INR)Van Eck Funds0.55%
PowerShares DB G10 Currency Harvest Fund (DBV)DB Commodity Services0.75%
PowerShares DB US Dollar Index Bearish Fund (UDN)DB Commodity Services0.75%
PowerShares DB US Dollar Index Bullish Fund (UUP)DB Commodity Services0.75%
ProShares Ultra Euro ETF (ULE)ProShares ETFs0.95%
ProShares Ultra Yen ETF (YCL)ProShares ETFs0.95%
ProShares UltraShort Euro ETF (EUO)ProShares ETFs0.95%
ProShares UltraShort Yen ETF (YCS)ProShares ETFs0.95%
WisdomTree Dreyfus Brazilian Real Fund (BZF)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus Chinese Yuan Fund (CYB)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus Emerging Currency Fund - Active (CEW)WisdomTree Investments, Inc.0.55%
WisdomTree Dreyfus Euro Fund (EU)WisdomTree Investments, Inc.0.35%
WisdomTree Dreyfus Indian Rupee Fund (ICN)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus Japanese Yen Fund (JYF)WisdomTree Investments, Inc.0.35%
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)WisdomTree Investments, Inc.0.45%
WisdomTree Dreyfus South African Rand Fund (SZR)WisdomTree Investments, Inc.0.45%
WisdomTree U.S. Current Income Fund (USY)WisdomTree Investments, Inc.0.25%
ETFS Brent 1mth Sterling ETF (OLBP-LSE)ETF Securities0.49%
ETFS Gold Sterling ETF (BULP-LSE)ETF Securities0.49%
ETFS Grains Sterling ETF (AGGP-LSE)ETF Securities0.49%
ETFS WTI 2mth Sterling ETF (OLWP-LSE)ETF Securities0.49%
iShares Euro Corporate Bond ETF (IBCX-LSE)iShares0.20%
iShares Euro Covered Bond ETF (ICOV-LSE)iShares0.20%
iShares Euro Government Bond 1-3 ETF (IBGS-LSE)iShares0.20%
iShares Euro Government Bond 15-30 ETF (IBGL-LSE)iShares0.20%
iShares Euro Government Bond 3-5 ETF (IBGX-LSE)iShares0.20%
iShares Euro Government Bond 7-10 ETF (IBGM-LSE)iShares0.20%
iShares Euro Inflation Linked Bond ETF (IBCI-LSE)iShares0.20%
iShares Global Inflation-Linked Bond ETF (IGIL-LSE)iShares0.20%
iShares UK Pound Index-Linked Gilts ETF (INXG-LSE)iShares0.25%
iShares US Dollar TIPS ETF (ITPS-LSE)iShares0.20%
iShares UK Pound Index-Linked Gilts ETF (INXG-LSE)iShares0.25%
iShares US Dollar TIPS ETF (ITPS-LSE)iShares0.25%


Reference:

Company Website: http://www.proshares.com

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