Mutual Funds Investing:
ProFunds
ProFunds are the index investing mutual funds that was established in 1997
to match and double the daily performance of indexes, and others that seek
daily to perform the opposite of indexes.
ProFunds now offer the widest selection
of index-based mutual funds:
- Bullish ProFunds. Based on a wide range of major stock indexes,
such as the S&P 500, NASDAQ-100 and
Russell 2000.
The Bull, OTC, Mid-Cap, Mid-Cap Growth, Mid-Cap Value, Small-Cap, Small-Cap
Growth, Small-Cap Value and Europe 30 ProFunds are "traditional"
index funds. They seek, on a daily basis, to match the performance of
a specific stock market index.
"Ultra" Bullish funds (UltraBull, UltraMid-Cap, UltraSmall-Cap,
UltraOTC and UltraJapan ProFunds) use leverage to seek to double the daily
performance of their respective benchmark indexes.
- Bearish ProFunds. These funds increase in value when the market
declines and decrease in value when the market rises.
- UltraSector ProFunds. They allow you to invest in a particular
part of the U.S. economy, such as energy, financial services etc., and they
are is benchmarked against a specific
Dow Jones U.S. sector index. Using
leverage, each UltraSector ProFund's goal is to produce daily returns that
are 150 percent of the performance of a specified sector index.
- Money Market ProFund.
- other
In addition to wide selection, ProFunds also offer the flexibility to control
your investments: no front- or back-end sales loads, no transaction fees,
no upper limit on the number or size of exchanges you make within the ProFunds
family.
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