ProShares Selects JP Morgan To Service Newly Launched International ETFs

Published: 01-Jul-2009

ProShares ETFs serviced by JP Morgan now total 72

JP Morgan Worldwide Securities Services (WSS) has announced that it has been appointed by ProShares, part of ProFunds Group, to service its eight newly launched international exchange traded funds (ETFs). JP Morgan WSS already provides custody, fund accounting and fund administration for 64 of ProShares’ equity and fixed income ETFs with total assets of $25 billion. ProShares ETFs serviced by J.P. Morgan now total 72.

ProFunds Group’s, new ProShares ETFs that are listed on the NYSE Arca are: Ultra MSCI EAFE (EFO), Ultra MSCI Emerging Markets (EET), Ultra FYSE/Xinhua China 25 (XPP), Ultra MSCI Japan (EZJ), Ultrashort MSCI Europe (EPV), Ultrashort MCSI Pacific ex-Japan (JPX), Ultrashort MSCI Brazil (BZQ), and MSCI Mexico Investable Market (SMK).

Chris Lynch, Western Hemisphere sales and client executive for JP Morgan Worldwide Securities Services, said: “We enjoy an excellent relationship with ProShares that we have cultivated over the years. J.P. Morgan has a history of innovation in the ETF space and we look forward to working with ProShares on their newly launched ETFs.”

ProFunds Group includes 88 ProShares short and leveraged ETFs, and 115 ProFunds mutual funds. The group also manages the Canada-based Horizons BetaPro ETFs.

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