ProFunds recently won the permission it's been seeking from the SEC to launch a dozen new ETFs. Known as ProShares, the funds include eight that will use leverage to amplify the gains or losses of yet-to-be selected indices.

Reuters suggests these are the first ETFs to use leverage, which is not surprising given the Bethesda-based firm's unique and dynamic investment style. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE