ProShares announced that it will execute reverse share splits on nine ProShares ETFs. The reverse splits will be effective for shareholders of record after the close of the markets on April 14, 2010.
ProFunds Group launched the first exchange traded funds in the United States to provide short or leveraged exposure to gold or silver. The four new ETFs began trading on the NYSE Arca on December 3.
ETF investors have several choices for gaining exposure to gold including funds that hold physical gold, invest in futures contracts or own gold mining stocks. Leveraged and inverse funds are also available.
Bob is interested in adding gold to his portfolio after reading the results of a joint study by the World Gold Council and New Frontier Advisors. The study found that the appropriate allocation to gold is dependent on the portfolio risk level, recommending a 1-2% allocation for low risk portfolios and 2-4% in a balanced risk portfolio.