ProShares launch pair of new ETF providing either Long or Short exposure to North American HY CDS

The ProShares CDS North American HY Credit ETF (TYTE) seeks to provide long exposure to the credit of North American high yield debt issuers.

The ProShares CDS Short North American HY Credit ETF (WYDE) seeks to provide short exposure to the credit of North American high yield debt issuers.

To accomplish its objective, this actively managed ETF invests primarily in centrally cleared, index-based credit default swaps and cash equivalents. Swaps are chosen for their ability to maintain broadly diversified exposure to their credit segment, offer greater relative liquidity, and provide greater sensitivity to changes in credit quality.

 

 

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