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Top Short Equity Mutual Funds
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ShareToday we are featuring top-performing "short equity" mutual funds. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Short Funds list..
3 Solid Samples
ProFunds UltraBear Inv (URPIX) seeks daily investment results that match twice the inverse of the performance of the S&P 500 Index. It provides leveraged exposure to the S&P 500 Index.
URPIX primarily focuses on futures contracts, options on futures contracts, options contracts, swaps, forward contracts and other financial instruments rather than investing in securities like common stock of companies.
Unit holders have to make a minimum initial investment of $15,000 to enter this nondiversified fund. The Zacks#1 Rank ("Strong buy") fund distributes dividends and capital gains annually. It had outdone 1055.96% of its peers in terms of annual return in 2008.
UltraShort International ProFund (UXPIX) seeks daily investment results, before fees and expenses, that are twice the inverse of the daily performance of the MSCI EAFE index. It may use leveraged investment techniques to attain its objective.
The fund invests assets which are not invested in equity securities or financial instruments in debt instruments or money market instruments. It is nondiversified and has an expense ratio of 1.62%.
Erik Benke has been the lead manager at UXPIX since its inception in April 2006. Prior to joining the company, Benke was a trader at AIM Investments and an associate at Goldman Sachs Hill Group. The Zacks#1 Rank ("Strong buy") fund has outstripped the S&P 500 index by 884.15% in terms of annual returns in 2008.
ProFunds UltraShort Small-Cap Svc (UCPSX) seeks daily investment results that correspond to twice the inverse of the daily performance of the Russell 2000 index. The fund normally invests at least 80% of its assets in financial instruments with economic characteristics that inverse that of the index.
Elisa Petit has been the lead manager at the fund since its inception in January 2004. Before joining ProFund Advisors, she managed equity funds for Banque Populaire Group in Paris, France.
The fund is nondiversified and distributes dividends annually. Its annual returns beat 596.81% of UCPSX peers in 2008.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
Read the full analyst report on URPIX
Read the full analyst report on UXPIX
Read the full analyst report on UCPSX
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| Market Summary | May 25, 2012 10:41 am ET |
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