BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, announced that it has joined FundVest® ETF, the no-transaction-fee exchange traded fund platform by BNY Mellon’s Pershing (“Pershing”).
The seven ETFs include ProShares’ popular Dividend Aristocrats®, Large Cap Core Plus and Global Infrastructure funds.
"No-transaction-fee platforms are gaining popularity, as investors look to reduce costs within their investment portfolios," said Steve Cohen, managing director at ProShares. “Our inclusion in the Pershing no-transaction-fee platform will allow financial professionals and their clients to further leverage the ProShares ETF lineup in a cost-effective manner."
The seven ProShares funds that became available on Pershing's FundVest® ETF platform as of June 13, 2019 are:
|ProShares S&P 500® Dividend Aristocrats ETF||
|ProShares S&P MidCap 400® Dividend Aristocrats ETF||REGL|
|ProShares Russell 2000 Dividend Growers ETF||SMDV|
|ProShares MSCI EAFE Dividend Growers ETF||EFAD|
|ProShares Large Cap Core Plus||CSM|
|ProShares DJ Brookfield Global Infrastructure ETF||TOLZ|
|ProShares Online Retail ETF||ONLN|
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 $30 billion in assets. The company is the leader in strategies such as dividend growth, interest rate-hedged bond 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.
Investing involves risk, including the possible loss of principal. ProShares ETFs each entail certain risks, which may include risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short positions lose value as security prices increase. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
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. Obtain them from your financial advisor or broker-dealer representative, or by visiting ProShares.com.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor. PR-2019-4075