New York-based money management firm, FactorShares, has unveiled five new funds, Index Universe reports. The ETFs are the FactorShares 2X: S&P500 Bull/TBond Bear, the FactorShares 2X: TBond Bull/S&P500 Bear, the FactorShares 2X: S&P500 Bull/USD Bear, the FactorShares 2X: Oil Bull/S&P500 Bear and the FactorShares 2X: Gold Bull/S&P500 Bear. The vehicles will provide investors with exposure to the S&P 500 Index, U.S. Treasury bonds, gold, oil and the dollar. The funds will be listed on the New York Stock Exchange’s electronic platform, Arca.
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