Industry description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Japan 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 85% of the market capitalization in Japan. The index is designed to measure the performance of the large and mid cap segments of the Japanese equity market. The fund is non-diversified.