Overview
Description
ProShares Ultra MSCI EAFE is an exchange-traded fund (ETF) designed to provide investors with daily investment results that correspond to two times the daily performance of the MSCI EAFE Index. The MSCI EAFE Index is a widely followed benchmark that represents large and mid-cap stocks across 21 developed markets, excluding the U.S. and Canada. This ETF focuses on delivering amplified exposure to international equity markets, targeting regions such as Europe, Australia, Asia, and the Far East. By utilizing leverage, ProShares Ultra MSCI EAFE aims to offer investors enhanced returns based on daily market movements of non-North American countries with developed economies. This makes it a key instrument for those seeking to capitalize on broader international market trends with a shorter investment horizon. The fund is particularly relevant for investors looking to diversify their portfolios by gaining increased exposure to established international markets, while leveraging daily market volatility to achieve greater potential returns than a conventional index tracking fund. It plays a significant role in allowing dynamic asset allocation strategies and diversification beyond domestic boundaries.
About
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Instrument type
ETF
Country
United States
MIC code
ARCX