Thought you hated the 3X ETFs Before, Get Ready for 94 More

Leave it up to ProShares to push the envelope and shake up the industry, believe it or not, they are seeking approval for a list of some 94 new ETFs that would trade with the 3X leverage.  God Bless America and our Portfolios.

ProShares is requesting that the Securities and Exchange Commission allow it to provide up to 300% leverage and 300% inverse exposure to 37 different indexes.

Although it's seeking so-called 3x approval for a list of some 94 new ETFs, it's highly unlikely the leading leveraged and inverse provider will launch all in the near future. 

But even if only a handful on the new list are brought to market, the filing opens the door for ProShares to at least enter the most juiced-up leverage game in ETFs at the moment.

And that has proved to be quite a lucrative undertaking for the lone sponsor to make the leap from 200% coverage—the previous high among leveraged ETFs.

You can read the latest amended ProShares filing here.  The list of potential 3X benchmarks ProShares is seeking regulatory approval to consider includes:

1.  DJ Wilshire Total Market Index
2.  Russell 1000 Index
3.  Russell 3000 Index
4.  Russell 3000 Value Index
5.  Russell 3000 Growth Index
6.  MSCI EAFE Index
7.  MSCI EAFE Value Index
8.  MSCI EAFE Growth Index
9.  MSCI Emerging Markets Index
10.  MSCI Japan Index
11.  MSCI Pacific Free ex-Japan Index
12.  MSCI Australia Index
13.  MSCI Malaysia Index
14.  MSCI Singapore Index
15.  MSCI Europe Index
16.  S&P Europe 350 Index
17.  Russell/Nomura Prime Japan Index
18.  Nikkei 255 Stock Average
19.  FTSE/Xinhua China 25 Index
20.  BONY Emerging Markets 50 ADR Index
21.  BONY Developed Markets 100 ADR Index
22.  BONY Japan Index
23.  BONY China Index
24.  Lehman US Aggregate Index
25.  Lehman 7 - 10 Year Treasury Index
26.  Lehman 20+ Year Treasury Index
27.  iBoxx Liquid $ Investment Grade Index
28.  iBoxx Liquid $ High Yield Index
29.  NASDAQ Biotechnology Equal-Weighted Index
30.  NASDAQ Clean Edge U.S. Liquid Series Index
31.  NASDAQ-100 Equal Weighted Index
32.  MSCI Brazil Index
33.  MSCI Taiwan Index
34.  MSCI South Korea Index
35.  MSCI BRIC Index
36.  MSCI Latin America Index

SOURCE: http://www.indexuniverse.com/sections/newsinfocus/5742-proshares-files-for-3x-leverage-on-97-new-etfs.html