What does ProShares S&P 500® ex-Financials ETF do?
ProShares S&P 500® ex-Financials ETF (NYSEARCA:SPXN) specializes in offering investors exposure to the S&P 500 Index while explicitly excluding financial sector companies. This strategic focus allows participants to invest in a wide array of sectors within the S&P 500 without the direct influence of financial services fluctuations. The fund is designed to track the performance of the S&P 500 Ex-Financials Index, engaging in the replication or representation of its component securities. ProShares S&P 500® ex-Financials aims to provide a comprehensive investment solution for those looking to diversify their portfolio across major industries such as technology, healthcare, and consumer goods, minus the financial sector's volatility. This unique approach presents an alternative for investors seeking differentiated exposure to the broader market's growth potential.
Company Snapshot
Is ProShares S&P 500® ex-Financials ETF a public or private company?
Ownership
Public
How many people does ProShares S&P 500® ex-Financials ETF employ?
Employees
155
What sector is ProShares S&P 500® ex-Financials ETF in?
Sector
ETF
Where is the head office for ProShares S&P 500® ex-Financials ETF?
Head Office
Bethesda, United States
What year was ProShares S&P 500® ex-Financials ETF founded?
Year Founded
2015
What does ProShares S&P 500® ex-Financials ETF specialise in?
/Investment Services /Equity Fund /Asset Management /Excludes Financials /Market Index /Risk Diversification
What are the products and/or services of ProShares S&P 500® ex-Financials ETF?
Overview of ProShares S&P 500® ex-Financials ETF offerings
Targets S&P 500® Ex-Financials: SPXN tracks the S&P 500® Ex-Financials and Real Estate Index. This index holds companies from the S&P 500® but excludes those classified in the Financials and Real Estate sectors.
Exposure to Broad U.S. Market Ex-Financials: By excluding financials and real estate, SPXN offers exposure to a diversified basket of U.S. companies across various sectors outside of finance and real estate.
Potential for Capital Appreciation: The primary objective of SPXN is to achieve capital appreciation for investors through potential price increases of the underlying S&P 500® stocks (excluding financials and real estate) in the portfolio.
Sector Weighting Strategy: SPXN passively tracks the index, meaning the specific weightings of each company in the ETF are determined by the index methodology, not by an active manager.
Lower Correlation to Financials: Compared to a broad market ETF that includes financials, SPXN may have a lower correlation to the performance of the financial sector. This can be beneficial for investors seeking diversification or with a neutral or negative outlook on financials.