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

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

Rating:ProFunds Launches Rare Currency Funds Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, March 08, 2005

ProFunds Launches Rare Currency Funds

by: Theresa Sim

Bethesda, Maryland-based ProFunds, a fund firm known as timers' haven, has launched two new funds tied to the U.S. Dollar.

The Rising U.S. Dollar ProFund and the Falling U.S. Dollar ProFund are both benchmarked to the U.S. Dollar Index, and will be calculated based on changes in six currencies. The Rising fund will match the index and the Falling fund will be the inverse of the index.

For both funds, total fees on direct-sold Investor Class shares are 145 basis points, and Service Class shares (sold through an advisor) are 245 basis points, according to the funds' SEC filing.

ProFunds and other firms that do not impose limits on the number of investor exchanges picked up steam in the post-scandal era, as timers looked to funds that accomodated short-term holding.

ProFunds was the seventh fastest growing fund firm in 2004, increasing total assets under management by nearly 50 percent, according to Strategic Insight.  

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

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use