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

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

Rating:Canadian Funds Adopt ProFunds Strategy Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 29, 2005

Canadian Funds Adopt ProFunds Strategy

by: Sean Hanna, Editor in Chief

ProFunds has trekked north of the border after collaborating with a Toronto-based firm. The Maryland-based fund firm has built a reputation in the United States by offering funds that allow investors to take the bearish or bullish bet on stock market sectors.

Now it will act as an advisor to a similar series of funds in Canada that are sponsored by BetaPro Management. The firm is an affiliate of Jovian Capital, which manages C$9 billion and is led by former Altamira Investment Service partner Philip Armstrong.

BetaPro is launching a family of 10 funds, half of which will take a long bet on sector and half of which will bet the sectors decline. The funds will take the Horizon brand name, and five will take the Bull Plus Funds label while the remainder the Bear Plus Funds moniker. The indexes or sectors covered by the initial funds include S&P/TSX, NASDAQ-100, Canadian Bonds, U.S. Dollar and crude oil.

The BetaPro fund will also mimic ProFunds in courting active traders and market-timers, allowing them daily liquidity. Traders will be able to purchase the shares with either Canadian or U.S. Dollars.

"Essentially, investors in the Bull Plus Funds have the opportunity to leverage their gains when the equity markets, interest rates, the US dollar or crude oil prices are rising, while investors in the Bear Plus Funds have the power to protect against or to potentially profit from a decline in the same markets or asset classes," says Adam Felesky, president of BetaPro Management Inc. "In addition, investors in the Bull Plus Funds benefit from leveraged exposure which requires a lower capital outlay than they would normally commit for an equivalent market exposure."  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use