|
Error creating thumbnail |
This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
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
The principal investment strategies of this fund include:
Total Net Annual Fund Operating Expenses: | 0.95% |
Company | Weight |
---|---|
EUR/USD Forwards | Notional Value of $ 9,544,921.89 |
Cash / Net other Assets | Market Value of $ 4,772,486.80 |
Company Website: http://www.proshares.com
Categories: ETF | Topic