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Proshares Ultra QQQ (QLD) |
QUOTE AND NEWS
Sydney Morning Herald
Feb 3
Comment
The hearts of all Australians are with those people battling floodwaters in NSW and Queensland, says Opposition Leader Tony Abbott.
Rocket Science Investing - Exchange Traded Funds
Jan 13
Comment
The S&P 500 closed at a five-month high for the third day on Thursday but had difficulty extending gains in the face of lackluster economic data and another European bond market test.
The Dow Jones industrial average .DJI gained 21.57 points,...
Sydney Morning Herald
Dec 13
Comment
Swimmer Stephanie Rice's shoulder injury should not hamper her preparation for the London 2012 Olympics her management says.
WA Business News
Nov 29
Comment
Construction and contracting group Decmil has announced an $85 million capital raising to fund the acquisition of a 50 per cent interest in the 2,265-room, $150 million Calliope accommodation village near Gladstone, Queensland.
WA Business News
Oct 17
Comment
Perth-based engineering and construction group CTEC has won a contract to design and construct the 242 megawatt Diamantina power station near Mt Isa in Queensland for APA Group and AGL.
Centrifugal Deforest
Oct 14
Comment
Be afraid, be very afraid.
Bears that is.
Eventually, we should all be afraid. We're all going to be snuffed by this stuff at some point. But I'd be shitting rectangles this weekend if I were heavily short and happened to see the after-hours...
WA Business News
Sep 30
Comment
Perth-based land developer Peet has been appointed by Defence Housing Australia to manage and market a 465-lot residential development in Brisbane's Warner Springs.
DHA will retain around 30 per cent of the development to provide housing for...
WA Business News
Sep 15
Comment
Aquila Resources has reported a full year loss of $64.5 million as a result of lower coal volumes due to flooding and exploration expenses.
WA Business News
Aug 16
Comment
Queensland is expected to produce more liquefied natural gas by 2020 than Australia's total current output, energy economics firm EnergyQuest says.
Forbes
Aug 12
Comment
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares Ultra QQQ (QLD) where we have detected an approximate $141.8 million dollar inflow -- that's a 21.2%...
Suggest other news sources for this topic
more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
The Proshares Ultra QQQ (QLD)
Profile:
Proshares Ultra QQQ (QLD) is an Exchange Traded Fund (ETF) that seeks to mimic the daily investment results, before fees and expenses, corresponding to twice the daily performance of the Nasdaq - 100 Index. In other words, if this underlying index declines by 1% for the day, the NAV of QLD will more or less decline by 2%, before fees and expenses. In the same manner, if this underlying index rises by 1% for the day, the NAV of QLD rises by 2% as well.
Inception Date: 06/19/06
Fund Information
- Fund Manager - ProShares ETFs
- Inception Date - 06/19/2006
- Exchange – NYSE Arca
- Index Ticker – QLD
- Intra-day NAV Ticker – QLD.IV
- Expense Ratio - 0.95%
Investment Strategy:
The principal investment strategies of this fund include:
- investing in equity securities and financial instruments (including derivatives) that the fund managers believe will produce twice the daily return of the Nasdaq - 100 Index.
- committing at least 80% of its net assets to equity securities or financial instruments that have similar economic characteristics contained in the Index.
- employing leveraged investment techniques or sampling techniques in seeking its investment objective.
- assets not invested in equity securities or financial instruments are invested in debt securities or money market instruments.
- concentrating its investments in a particular industry to approximately the same extent as the Index
Annual Fund Operating Expenses:
| Investment Advisory Fee: | 0.75% |
| Distribution and Service (12b-1) Fee: | 0.00% |
| Other Expenses: | 0.29% |
| Total Annual Fund Operating Expenses: | 1.04% |
| Fee Waivers / Reimbursements: | -0.09% |
| Total Net Annual Fund Operating Expenses: | 0.95% |
Top 10 Holdings: (As of February 26, 2009)
| Company | Weight |
|---|---|
| Apple Inc. | 10.90% |
| Qualcomm | 6.62% |
| Microsoft Corp. | 4.96% |
| Google Inc. | 4.84% |
| Gilead Sciences | 4.16% |
| Oracle Corp. | 3.34% |
| Teva Pharmaceutical | 3.13% |
| Cisco Systems Inc. | 2.99% |
| Amgen Inc. | 2.49% |
| Intel Corp. | 2.44% |
Reference:
Company Website: http://www.proshares.com
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