Leveraged index mutual fund and ETF providers frequently warn investors to use their products carefully, and ProFunds
just filed such a warning with the SEC
. Dow Jones
' Daisy Maxey reports
that the Bethesda, Maryland-based mutual fund firm warned investors that its products "may not be suitable for all investors and should be used only by knowledgeable investors who understand the potential consequences of seeking daily leveraged investment results."
"We have always placed a high value on educating investors and providing full and complete disclosure," ProFund Advisors CEO Michael Sapir
told Dow Jones.
Neil Anderson, Managing Editor
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