ProShares Tries Hand at Hedge Fund ETFs
July 15, 2011 at 08:28 AM EDT
ProShares has introduced an exchange traded fund that tries to duplicate the performance of a basket of hedge funds through an index designed by Merrill Lynch. ProShares Hedge Replication ETF (NYSEArca: HDG) attempts to provide the risk and return profile of more than 2,000 hedge funds in the...