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ProShares Launches Nasdaq-100 Dorsey Wright Momentum ETF, 'QQQA'


On Thursday, ProShares, a premier provider of ETFs, launched the
ProShares Nasdaq-100 Dorsey Wright Momentum ETF (Nasdaq: QQQA). QQQA is the first ETF focusing on select Nasdaq-100 stocks identified as having the greatest potential to outperform.
The ETF follows the Nasdaq-100 Dorsey Wright Momentum Index and relies on the expertise of Dorsey, Wright & Associates (“Dorsey Wright”), a recognized leader in momentum investing. Dorsey Wright identifies the 21 stocks for the index based on its proprietary “Relative Strength” approach.
“For years, the Nasdaq-100 has been a bellwether index for investing in innovative companies. ProShares is pleased to introduce the first Nasdaq-100 ETF using Dorsey Wright’s time-tested approach to identify stocks with the greatest potential to outperform,” said ProShares CEO Michael L. Sapir. ....

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Why Investors Should Consider Opportunities in E-Commerce ETFs


Why Investors Should Consider Opportunities in E-Commerce ETFs
In the recent webcast,
Sectors Disrupted: Breaking E-commerce Out of the Box, Troy Goldstein, Executive Director, Head of National Accounts, ProShares, noted that so far this year, we’ve seen the Nasdaq-100 lag other broad market U.S. indices while mid- and small-caps have strongly rallied on the back of supportive stimulus and optimism for an economic recovery. Additionally, as we look across market caps in the U.S., there’s been a noticeable contrast between value and growth performance.
Simeon Hyman, Head of Investment Strategy, Global Investment Strategist, ProShares, also added that all current economic signals point to good health, pointing to strong ISM Manufacturing and ISM Services numbers, along with improving nonfarm payrolls in the labor market. Meanwhile, consumer confidence has been increasing and retail sales are rebounding. ....

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