SCC Profile
The ProShares UltraShort Consumer Services fund is strategically designed to achieve its investment objective by utilizing financial instruments to produce returns that reflect a daily inverse performance of the underlying index. The fund specifically targets the consumer services sector, aiming to deliver twice the inverse of the daily performance of this sector. This leverage and inverse strategy is employed to benefit from declines in the stock prices of consumer services companies.
The underlying index that the fund tracks is focused on U.S. companies within the consumer services industry, which includes a diverse range of businesses such as retail, entertainment, and leisure services. By targeting this specific sector, the index seeks to measure the performance of companies that are predominantly engaged in providing consumer-oriented services, reflecting trends and movements within the consumer services market.
ProShares UltraShort Consumer Services leverages sophisticated financial instruments, including derivatives such as futures contracts and swap agreements, to achieve its investment goals. These instruments are selected and managed by ProShare Advisors to ensure that the fund's daily returns align closely with its objective of providing twice the inverse of the index's performance. This approach is particularly suited for investors looking to hedge against declines in the consumer services sector or seeking speculative opportunities.
The fund's non-diversified nature means it does not aim to spread investments across a broad range of asset classes or sectors, focusing instead on achieving its specific investment strategy related to the consumer services industry. This concentrated approach allows investors to gain targeted exposure to the sector’s performance while employing leveraged inverse strategies to capitalize on anticipated downturns in the market.
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