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ProShares UltraShort China ETF: Caveat Emptor!

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
February 19, 2008|

Originally written on Feb. 9, 2008.

A week ago I concluded that the UltraShort FTSE/Xinhua China 25 ProShares fund (FXP) was not working as advertised. I decided to follow up with ProShares to get to the bottom of the mystery and ended up discovering that there is much more to these leveraged funds than meets the eye. In short (no pun intended) this fund is working as advertised but it's not what most people expect.

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