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NEW YORK -- ProShare Advisors has selected JPMorgan to provide fund administration services for the launch of 12 new ProShares Exchange Traded Funds (ETFs), which will begin trading on the American Stock Exchange today. ProShares selected JPMorgan to provide a full range of custody services because they have the people, technology and experience to help us make the launch of ProShares Exchange Traded Funds a success," said Michael Sapir, CEO of ProShare Advisors LLC. At that time, SSgA FM would re-brand the Funds to align them with SSgA FM's streetTRACKS family of exchange traded funds ("ETFs") which today includes eight funds with more than $1 billion in assets under management in the U. |
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