Industry description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) 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 constructed and maintained by MSCI Inc. 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.