ProFund Advisors was founded in 1997, and together with its affiliates, ProShare Advisors and ProShare Capital Management, has over $30 billion in assets under management, as of December 31, 2016.
In 2006, the company launched ProShares, introducing the first geared exchange traded funds (ETFs) in the United States. Today, ProShares offers the nation’s largest lineup of alternative ETFs.
Many ProFunds routinely employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value.
Each geared (leveraged or inverse) ProFund seeks a return that is a multiple (e.g., 2x, -1x) of the return of an index or other benchmarks (target) for a single day.
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 134 ETFs and 4600 companies.
ProFunds’ lineup of mutual funds includes:
- Classic ProFunds, which seek to track the daily performance of a benchmark, Ultra ProFunds, which provide magnified exposure to a benchmark, and Inverse ProFunds, which provide inverse exposure to a benchmark, Sector ProFunds, which provide magnified or inverse exposure to a specific industry sector benchmark.