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ProShares Launches ETF as Alternative to Hedge Funds

BETHESDA, Md.--(BUSINESS WIRE)--ProShares®, a premier provider of alternative exchange traded funds (ETFs), today announced the launch of the ProShares Hedge Replication ETF (NYSE: HDG). HDG’s benchmark is based on Merrill Lynch’s recognized hedge fund replication model. The ETF lists on NYSE Arca today.