ProShares Short 20+ Year Treasury ETF
The ProShares Short 20+ Year Treasury (TBF) ETF is a short treasury bond ETF whose goal is to deliver the daily inverse (negative) performance of the Barclays Capital 20+ Year U.S. Treasury Index before fees and expenses or interest income. The TBF ETF may be attractive for investors looking to short long duration treasury bonds in a simple unleveraged manner. Because it is a listed exchange traded fund, the TBF Short treasury bond etf can be purchased in an IRA account and hence allows you to gain short index exposure without actually shorting the index or a stock which is typically prohibited in an IRA retirement account.
Because the TBF ETF seeks to mimic the daily inverse performance of its underlying index, it is important to note that over longer time periods extending longer than one day, the TBF short treasuries ETF may exhibit some tracking error that may be significant.
The ProShares Short 20+ Year Treasury (TBF) ETF vital stats:
Exchange: NYSE Arca
Expense Ratio: 0.95%
Dividend Yield: NA
Assets: $480 Million as of 9/30/2010
Inception Date: 8/18/2009
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