My Top ETF for 2012 - Inverse ETF.

"What is Proshares Ultra Short Financials (SEF)?

According to the fund summary: "The Investment seeks daily investment results, before fees and expenses, which corresond to the inverse (opposite) of the daily performance of the DOW Jones US Financial SM Index. The fund invests in derivatives that Proshare Advisors believe should have similar daily returns inverse of the index. It typically invests the rest of the assets in money market instruments. The fund is non-diversified."

 

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