ETF Headlines

ProShares, the country’s fourth most successful exchange traded fund (ETF) company, today announced the launch of ProShares German Sovereign/Sub-Sovereign ETF (NYSE: GGOV), the first ETF in the United States focused on sovereign and sub-sovereign debt from Germany. Germany has the world’s third-largest public debt market and is widely recognized for its fiscal strength. The ETF lists on NYSE Arca today.

“Many investors have fixed income portfolios concentrated in high credit quality U.S. bonds,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. “This ETF can help these investors manage risk by adding diversification through international bond exposure.”

About GGOV’s Benchmark

GGOV’s benchmark includes only investment grade debt,³ the majority of which currently has the highest rating from Standard & Poor’s, Moody’s and Fitch. The benchmark seeks to track the returns of euro-denominated general obligation bonds issued by the Federal Republic of Germany, state governments of Germany, government agencies or institutions, and entities that are owned or guaranteed by German federal or state governments.