Industry description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI EAFE Index®.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index covers approximately 85% of the market capitalization in developed market countries, excluding the U.S. and Canada. The fund is non-diversified.