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SCO V10A1 Practice Questions

ProShares Leveraged and Inverse Oil ETFs alternate Benchmark | 090-077 question bank and Latest Questions

ProShares, a premier provider of ETFs, introduced nowadays that ProShares ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO) ETFs will change their benchmark effective after the market closes on September sixteen, 2020. the brand new benchmark for these money is the Bloomberg Commodity Balanced WTI Crude Oil Index (TICKER:BCBCLI). Following this benchmark alternate, each and every Fund will are seeking for exposure to the WTI crude oil futures contracts which are covered in its new benchmark.

The Bloomberg Commodity Balanced WTI Crude Oil Index aims to track the performance of three separate contract schedules for WTI crude oil futures which can be reset on a semi-annual foundation. One third of the index follows a month-to-month roll schedule, the second third of the index follows a June annual roll time table, while the ultimate third follows a December annual roll schedule.

Benchmark change details

Ticker

ProShares ETF identify

existing Benchmark

New Benchmark

UCO

ultra Bloomberg Crude Oil

Bloomberg WTI Crude

Oil Subindex

Bloomberg Commodity

Balanced WTI Crude Oil Index

SCO

UltraShort Bloomberg Crude Oil

Neither the dollars nor their present or new benchmarks are meant to track the efficiency of the spot price of WTI crude oil*and hence the money should be anticipated to function very in another way from the spot price of WTI crude oil. moreover, except completion of the benchmark trade, the funds will now not song the performance of the Bloomberg WTI Crude Oil Subindex.

About ProShares

ProShares has been on the forefront of the ETF revolution on account that 2006. ProShares now offers probably the most greatest lineups of ETFs, with greater than $forty billion in assets. The company is the chief in ideas equivalent to dividend boom, hobby rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical alternatives for investors to control risk and enhance returns.

* "Spot" expense refers to the cost of genuine crude oil that can be purchased at port for immediate delivery. The "spot" price is generally spoke of through the monetary press and others, but is not generally investable.


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