Mis on ProShares Short MSCI Emerging Markets ISIN?

ProShares Short MSCI Emerging Markets ISIN on US74349Y7461.

What does leveraged daily exposure mean for ProShares Short MSCI Emerging Markets?

ProShares Short MSCI Emerging Markets aims to deliver 1 times the daily return of EEM (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

What is volatility decay and how does it affect ProShares Short MSCI Emerging Markets?

Volatility decay (also called compounding drag) occurs because ProShares Short MSCI Emerging Markets rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.