 UBR
is an exchange-traded fund (ETF) offered by ProShares, which seeks to
provide investors with double daily exposure to the MSCI Brazil 25/50
Index. The ETF uses leverage to achieve its investment objective,
which means that it attempts to provide investors with twice the daily
returns of the underlying index.
The MSCI Brazil 25/50 Index is
designed to measure the performance of large and mid-cap stocks in
Brazil. The index includes companies from a variety of sectors,
including financials, materials, and energy.
As of September
2021, the UBR ETF had a net asset value (NAV) of approximately $70
million and held a portfolio of around 70 Brazilian companies. The
ETF's expense ratio is 0.95%, which is relatively high compared to
other ETFs.
As a leveraged ETF, UBR is designed to provide
investors with amplified returns, but it is also subject to increased
volatility and risk. This makes it more suitable for experienced and
sophisticated investors who are comfortable with the risks involved.
Overall, the ProShares Ultra MSCI Brazil Capped 2X ETF (UBR) could
be a good investment option for investors looking to gain exposure to
Brazilian equities. However, it is important to consider the risks
associated with leveraged ETFs and to conduct thorough research before
making an investment decision.
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