Four New Gold & Silver ETFs from ProShares Now Trading

December 4, 2008 by  
Filed under Commentary, ETF IPOs (New ETFs), ETFs

On Dec 3 ProShares announced the availability of four new Exchange Traded Funds designed to give investors 2x leveraged and 2x inverse exposure to the price movements of gold and silver.

These are the first leveraged and inverse ETFs designed to track the price of silver.  Although, there are other leveraged and inverse products tracking gold prices, the ProShares offerings are the first in an ETF format.  All previously available products of this nature are Exchange Traded Notes.  ETNs are bonds and carry a risk of default from the issuer; a lesson that holders of Lehman Brothers ETNs learned the hard way in October.

The four new ETFs are:

  • ProShares Ultra Gold (UGL)
  • ProShares UltraShort Gold (GLL)
  • ProShares Ultra Silver (AGQ)
  • ProShares UltraShort Silver (ZSL)

These four ETFs were originally unveiled November 25 along with eight other new ETFs offering leveraged and inverse exposure to various commodities and currencies.  The first eight began trading on November 25, while the four gold and silver ETFs began trading yesterday.


One Response to “Four New Gold & Silver ETFs from ProShares Now Trading”

  1. Fred on April 29th, 2009 6:24 pm

    I love your letter and perfer ETF to stocks as an investments for all the odvious reason…..i am trying very hard to make some money in the market but it is difficult so i need all the hellp i can get…Why is so difficult to find a profitable and reliable system to make 2-3 K a month??? Lots of people seem to be able to do it….i have every thing that is needed but no enough knowledge to do it…any body can help me??

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