The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, January 12, 2005|
ProFunds Quick out of the Gate
Bethesda, Maryland-based ProFunds has already launched two funds this year.
The company is offering a Rising Rates Opportunity Fund 10, intended to return the inverse of the daily price fluctuations of the 10-year U.S. Treasury Note, according to a filing.
Total operating expenses for the fund are 147 basis points for investor class shares and 247 basis points for service class shares. The minimum investment is $5,000 for advisor-sold accounts and $15,000 for direct-sold accounts.
ProFunds also launched a new fund in its Access One series. The Access Flex High Yield Fund will invest in high yield debt instruments and related derivatives, but will not be benchmarked to a specific index, according to a release. There are no trading restrictions on the fund. The total operating expenses for the fund is 143 basis points for investor class shares and 243 for service class shares.
Printed from: MFWire.com/story.asp?s=8794
Copyright 2005, InvestmentWires, Inc.
All Rights Reserved