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Rating:ProFunds Beefs Up Its Warning Labels Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 02, 2009

ProFunds Beefs Up Its Warning Labels

News summary by MFWire's editors

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. 

Edited by: Neil Anderson, Managing Editor


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