The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ProFunds Takes Bets Against Two Hot Sectors Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 27, 2005

ProFunds Takes Bets Against Two Hot Sectors

by: Sean Hanna, Editor in Chief

ProFunds is adding two funds that seem to catch the latest investment waves, only it is targeting investors betting on a wipeout. The Bethesda, Maryland-based fund firm launched the Short Oil & Gas and Short Real Estate Sector Funds. As their name suggests, the two funds target the oil and real estate industries and both funds are betting stocks in those sectors will fall.

"Our investors have asked us to create additional opportunities for when they believe a sector of the economy will cycle downward," said Michael L. Sapir, chairman and CEO of ProFund Advisors LLC. "We are responding by launching these new ProFunds, which cover two sectors that recently have been the subject of much attention--real estate and oil and gas."

The funds are intended to allow investors to hedge their existing investments in those sectors without having to sell their stakes and trigger taxes or redemption fees.

The Short Oil & Gas fund is inversely tied to the Dow Jones Oil & Gas Index. The Short Real Estate ProFund benchmarks to the Dow Jones Real Estate Index.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use