ProShares To Begin Trading The ProShares UltraPro Short 10 Year TIPS/TSY …

ProShares To Begin Trading The ProShares UltraPro Short 10 Year TIPS/TSY …
News from ETF Daily News:

ProShares has announced that they will begin trading the ProShares UltraPro Short 10 Year TIPS/TSY Spread (NYSEArca:SINF) Thursday, February 09, 2012. The Fund seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Dow Jones Credit Suisse 10-Year Inflation Breakeven Index.

Total Annual Operating Expenses After Fee Waivers and Expense Reimbursements: 0.75%

Principal Investment Strategies

The Fund invests in a combination of fixed income securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times the inverse (-3x) of the daily return of the Index. Cash balances arising from the use of derivatives or short positions will typically be held in money market instruments.

  • U.S. Treasury Securities — The Fund has exposure to securities issued by the U.S. Treasury, in particular the following:

    • U.S. Treasury Inflation-Protected Securities — The Fund generally takes short positions (or obtains short exposure via derivatives, as further described below) in U.S. Treasury Inflation-Protected Securities, or TIPS, which are inflation-protected public obl…………… continues on ETF Daily News

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Better than a mattress: money fund tips
News from Reuters:

Wed Feb 8, 2012 2:47pm EST

(Reuters) – Money market mutual funds have always been considered the go-to place for savers looking to stash a few thousand dollars in cash. The accounts typically offered higher yields than traditional bank savings accounts, and, with a solid $ 1-a-share value, are considered a safe haven.

But with plummeting interest rates — now averaging a dismal low of 0.02 percent on taxable money market accounts, according to iMoneyNet.com — and worries about the future of these funds in the post-credit-crisis economy, it’s time to consider alternatives. That’s especially the case since they are not insured by the Federal Deposit Insurance Corp.

Adding to jitters, the U.S. Securities and Exchange Commission is considering proposals that could force investors to stagger withdrawals — rather than being able to pull all their cash at once — and eliminate fixed share prices.

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