ProShares launched a new ETF Thursday, the Managed Futures Strategy fund (NYSE: FUTS).
The fund follows the S&P Strategic Futures Index, which is designed to capitalize on upward and downward trends in the futures markets.
Managed futures strategies identify price trends in the futures markets and take long or short positions across asset classes such as commodities, currencies and fixed income, says ProShares. This flexibility means the fund can potentially capture value from both upward and downward price movements in these markets.
"With their low correlation to both stocks and bonds, managed futures strategies can be a smart choice for investors looking to enhance the risk-adjusted returns of a traditional portfolio," said Michael L. Sapir, chairman and CEO of ProShare Advisors LLC.