Eight ETFs of ProShares to be served by J.P. Morgan

ProShares, part of ProFunds Group, has assigned J.P. Morgan Worldwide Securities Services to service eight newly established international exchange traded funds of ProShares. 

64 of ProShares’ equity and fixed income ETFs with total assets of $25 billion are already offered by custody, fund accounting and fund administration practices provided by J.P. Morgan WSS. The number of ProShares ETFs serviced by J.P. Morgan now totals 72. 

As an additional service, J.P. Morgan offers assistance in establishment and development stages of ETFs. J.P. Morgan which focuses on different industries currently services 94 ETFs with total assets of over $55 billion.

“J. P.Morgan has a history of innovation in the ETF space and will look forward to working with ProShares on their newly launched ETFs” says Chris Lynch Western Hemisphere, sales and client executive for J.P. Morgan Security Services.