Mutual Funds Investing:
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.
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.