ProShares, the Maryland-based largest US provider of alternative exchange-traded funds, recently expanded its line-up of non-inverse and non-leveraged ETFs with the launch of the ProShares MSCI EAFE Dividend Growers ETF (EAFD). The new passively-managed income-oriented fund invests in developed-market stocks that have a solid history of growing dividend payouts, thus potentially offering investors another option to boost returns in a …
New ETFs On The Block: ProShares Merger ETF (MRGR)
ProShares, the Bethesda, Maryland-based premier provider of alternative ETFs and the world’s largest provider of geared (leveraged and inverse) exchange traded funds, has announced the launch of a merger-arbitrage ETF this week. The ProShares Merger ETF (MRGR), the firm’s 13th launch this year, is listed on the BATS exchange and would compete with IndexIQ’s ARB Merger Arbitrage ETF (MNA). MRGR …