ProShares Launches Three New Thematic ETFs Focused on Business Innovations
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, today announced the launch of three new thematic ETFs: ProShares S&P Kensho Smart Factories ETF (Ticker: MAKX), ProShares Big Data Refiners ETF (Ticker: DAT) and ProShares S&P Kensho Cleantech ETF (Ticker: CTEX).
“Each ETF is designed to offer investors exposure to a rapidly changing industry, from the automation of manufacturing, to enhanced analytics and big data processing, to powering the transition to clean energy,” said ProShares CEO Michael L. Sapir. “We are pleased to expand our family of ETFs with these new funds.”
The new ETFs and their indexes are:
|ProShares S&P Kensho Cleantech ETF||CTEX||S&P Kensho Cleantech Index|
|ProShares Big Data Refiners ETF||DAT||FactSet Big Data Refiners Index|
|ProShares S&P Kensho Smart Factories ETF||MAKX||S&P Kensho Smart Factories ETF|
CTEX, DAT and MAKX join retail disruption, infrastructure and pet care ETFs at ProShares. “Over the past few years, we have grown our presence in the thematic ETF space, and we look forward to offering investors more innovative products in the future,” said Scott Helfstein, executive director, thematic investing at ProShares.
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $59 billion in assets. The company is a leader in strategies such as dividend growth, interest rate hedged bond, thematics and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
Investing involves risk, including the possible loss of principal. These ProShares ETFs are subject to certain risks, including the risk that the funds may not track the performance of the index and that the funds’ market price may fluctuate, which may decrease performance. There is no guarantee any ProShares ETF will achieve its investment objective.
Investments in smart factory technology, cleantech, and big data technology are subject to risks associated with a developing industry as well as changing technology and there is no guarantee that these companies will be successful. A more complete discussion of risks is found in the prospectuses.
The index themes may not be the primary driver of company, index or fund performance. Companies in the index may have significant unrelated business lines, which could have a significant negative impact on company, index and fund performance.
These funds are non-diversified and concentrate their investments in certain sectors. Non-diversified and narrowly focused investments typically exhibit higher volatility.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.
The “FactSet Big Data Refiners Index” and "FactSet" are trademarks of FactSet Research Systems Inc. The “S&P Kensho Cleantech Index” and “S&P Kensho Smart Factories Index” are products of S&P Dow Jones Indices LLC and its affiliates. “S&P®” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and they have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. All have been licensed for use by ProShares. ProShares have not been passed on by these entities, their subsidiaries or their affiliates as to their legality or suitability. ProShares based on these indexes are not sponsored, endorsed, sold or promoted by these entities and their subsidiaries or affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR SUBSIDIARIES OR AFFILIATES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND BEAR NO LIABILITY WITH RESPECT TO THE INDEXES, PROSHARES, OR THE FUNDS. FactSet Research Systems Inc. does not guarantee the accuracy and/or the completeness of the FactSet Big Data Refiners Index or any data included therein, and FactSet Research Systems Inc. shall have no liability for any errors, omissions, or interruptions therein.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, firstname.lastname@example.org
ProShares, 866.776.5125, ProShares.com
Sept. 30, 2021