 The
ProShares UltraShort FTSE Europe ETF (EPV) is an inverse leveraged ETF
that seeks to provide a daily investment result that is twice the
inverse of the daily performance of the FTSE Developed Europe All Cap
Index. The index is designed to represent the performance of large,
mid, and small cap stocks from developed countries in Europe.
Investors interested in this ETF may use it as a hedging tool against
potential downturns in the European stock market, or to potentially
profit from short-term market movements. However, it's important to
note that leveraged ETFs like EPV carry higher risks due to their use
of leverage, and are generally not suitable for long-term investors.
EPV has an expense ratio of 0.95% and as of March 23, 2023, had
total net assets of approximately $10.5 million. It is important to
note that due to the nature of inverse ETFs and their daily
rebalancing, their performance can differ significantly from their
underlying index over longer periods of time. Therefore, it is
important for investors to monitor their positions regularly and
understand the risks involved before investing in this or any other
leveraged ETF.
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