Proshares的各類做空型ETF基金

Leverage has become a dirty word in the market. Over-leveraged hedge funds and banks have collapsed under the weight of their bad bets, and investors everywhere have learned to avoid any company that has the leverage taint. It's seems, then, that the timing couldn't be worse for an ETF company to release a new crop of leveraged ETFs, but Direxion pushed ahead with its Novemeber offerings eight of triple-leveraged long or short return ETFs.

What's surprising is the funds have turned out to be extremely popular so far. For example, the trading volume for BGU was 19063 on 11/5 and then quickly jumped up huge to 11.412m shares on 11/20, a whopping 600 fold volume hike in a matter of 11 trading days (I checked it out with a few old timers and none of them witnessed anything even close to it).

The new triple leveraged Direxion funds:

* (BGU) Bull 3x Shares Large Cap
* (TNA) Bull 3x Shares Small Cap
* (ERX) Bull 3x Shares Energy
* (FAS) Bull 3x Shares Financial
　　－－－－－－－－－－－－－－－－－
* (BGZ) Bear 3x Shares Large Cap
* (TZA) Bear 3x Shares Small Cap
* (ERY) Bear 3x Shares Energy
* (FAZ) Bear 3x Shares Financial
These 3 beta ETFs are created for pros, sophisticated investors and active ST/DTers to hedge or leverage their trading power. Obviously, they are not made for the faint of heart due to the extreme price volatility.



Proshares的各類做空型ETF基金
摩根士丹利新興市場指數(MSCI Emerging Markets Index). MSCI Emerging Markets Index 是一種自由浮動調整的市場資本化指數，包含25個新興市場國家中最大和最具流通性企業的800多種領先證券。該指數涉及的國家包括一些當今發展最快的全球性經濟體，這使得該指數成為了許多交易戰略中的一個重要工具。
ANYbody know how to see MSCI???

Stock   Stock    Option    Expiration   Option Oct-24 Oct-23 Oct-22 Oct-21 Oct-20    Jump   
1 EEV   $310 Call   Nov-08 EYGKX $12 $4.70 $2.70 $0.05 $0.05 240
1 EEV   $290 Call   Nov-08 EYGKV $14.20 $12 $7.80 $0.35 $0.20 71
1 EEV   $280 Call   Nov-08 EYGKP $16.30 $11 $9.40 $1.15 $0.25 65.2
1 EEV   $300 Call   Dec-08 EYGLW $27.70 $13.40 $13.70 $1 $1 27.7



以下內容全部為轉貼.

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http://ptsh.blog.hexun.com/17981725_d.html

“在90年代的牛市中，投資似乎很簡單。但是如今，情況變得不一樣了。很多投資者感到自己隻能按部就班，沒辦法很快速實現自己的想法。對那些想操縱市場、久經沙場的投資者以及專業投資人來說，重要的是找到與眾不同的方式。他們希望能夠找到一種投資策略，可以使他們超越傳統，並擁有能夠調節策略的能力。顯然，Profunds是適合之選。”Profunds 集團在其網站上的“自我宣傳”聽起來相當吸引人。

　　11月8日，國內媒體集體關注的一個話題便是：隨著Profunds集團最新推出的UltraShort FTSE/Xinhua China 25 ProShares(AMEX：FXP，以下簡稱“FXP”)在美國交易所掛牌，美國的投資者開始通過這個ETF產品，做空中國。

　　這個話題值得討論的意義在於，FXP的推出，讓境外普通投資者也可以像機構投資者和對衝基金們一樣，做空中國。

　　“預計很多投資者對能夠通過簡單易行的方式做空中國股市有強烈的興趣，”Profunds集團旗下專門提供做空ETF產品的Proshares主席兼CEO Michael Sapir說，新華富時25指數過去5年增長了600%，而目前已經出現了大量有關中國泡沫可能性的討論。

　　與FXP一同推出的還有一隻做空日本股市的ETF，即UltraShort MSCI Japan(AMEX：EWV)。

　　做空玩家？

　　即便是在全球ETF行業內，Proshares 基金都顯得有些特立獨行。

　　Profunds集團從1997年就開始通過複雜的投資策略，以放大或者獲得反向投資效應。根據該公司年報，目前，Profunds集團所管理的資產總規模為168億美元，其中純粹做空放大型的Proshares基金係列占比已經超過一半，換句話說，Profunds集團已經是一個善於做空的ETF純提供商。

　　根據理柏的分類，大部分Profunds的基金屬於加強型指數基金。換句話說，“我們把指數的概念運用得更進一步。”即除了跟蹤大量知名市場指數的波動之外，Profunds還提供能夠放大所跟蹤指數每日變動的基金，以及與所跟蹤指數能夠反向變動的基金。

　　而Profunds旗下Proshares基金公司則宣稱自己是一個“不循規蹈矩的公司”。緊盯最流行指數，專司做空，而且是不同方向、不同比例的做空，是Proshares的強項。該公司旗下的兩大類主要做空ETF產品包括普通的同比例做空產品，以及有2倍杠杆的做空產品。

　　換句話說，Proshares是專門提供做空以及放大型ETF的產品係列，主要追蹤的都是最受歡迎的市場指數，比如標準普爾500指數、新華富時、MSCI、道瓊斯指數等等。該係列自從2006年6月份開始推出，運作一年來似乎非常成功。

　　而實際上，從2007年10月25日開始，Proshares才正式推出全球性的做空ETF，也是美國唯一的做空放大型ETF係列，在此之前，該公司推出的都是跟蹤美國本地市場的指數ETF。

　　不足一個月的時間，Proshares一下子推出了6隻全球做空ETF產品，似乎顯得有些瘋狂。

　　這6隻產品包括做空MSCI EAFE指數(反向收益)、做空放大MSCI EAFE指數(反向雙倍收益)、做空放大MSCI新興市場指數(反向雙倍收益)、做空放大MSCI日本指數(反向雙倍收益)和做空放大新華富時25中國指數(反向雙倍收益)。

　　至此，該係列ETF囊括的資金規模已經超過了90億美元，共有58隻做空放大型ETF。

　　用Michael Sapir的話說，做空策略通常是機構投資者和對衝基金采用的投資策略，但推出做空ETF產品Proshares係列，可以讓更多投資者享受做空的巨大收益。

　　2倍杠杆

　　值得注意的是，與傳統指數基金不同，FXP在扣除管理費和開支以外，尋求兩倍於基準指數的當日表現。

　　比如，如果新華富時25指數某天上漲了1%，那麽FXP的資產淨值就應該下跌2%，當然，如果某天新華富時25指數跌了1%，那麽基金的淨值增長2%。

　　為什麽反向放大型ETF能夠使投資者獲得雙倍收益或損失呢？

實際上是因為每隻這種產品都使用了2倍的杠杆。對很多對衝基金來說，使用杠杆並不罕見，Proshares隻是把杠杆策略運用到了ETF之中，對那些“急於求成”的投資者來說，非常適合。

　　舉例來看，根據2007年5月31日Proshares公布的年報，其超短標普500指數ETF，就是通過股票、金融工具或者二者兼用，以達到與標普500指數相反的2倍投資效果。當時，該ETF的股票倉位為零，而掉期協議占了總資產的-193%，指數期權合約占了-7%，合共約為資產的-200%。

　　除了放大效應之外，購買這種做空ETF的好處就在於，投資者不需要開立保證金戶口就能進行做空，換句話說，買做空的ETF產品已經具有了做空股票或者做空市場的效應。

　　更加重要的是，相對於真正的做空個股或者做空指數來說，通過ETF做空較為安全，因為理論上說，做空個股或者市場的損失可以是無限的，需要不斷追加保證金直至平倉，但做空ETF則最多是價格變為零，即損失現有投資的資金，無需追加資金。

　　股權分置改革以來，中國股市連續大漲，帶動香港股市異常火爆，但近日卻出現較大幅度的連續調整。股市的劇烈波動為該ETF產品增加了不少賣點。

　　該公司宣稱，即便對那些長期看好中國股市的投資者來說，也不妨通過這個做空ETF在短期的市場波動中賺一把。

　　由於新華富時25指數包括了在香港上市的25隻最大、流動性最好的中國股票，包括H股和紅籌股，如中移動(0941.HK)、中石油(0857.HK)、工商銀行(1939.HK)等，因此業界開始擔心通過做空新華富時25指數而做空中國股票的FXP，是否將對陰霾不斷的H股市場，甚至A股市場帶來更大壓力？

　　對此，西京投資管理香港有限公司董事總經理劉央表示，不是很擔心該產品對中國市場的影響。理由是，11月9日，該ETF總規模還隻有1190萬美元，規模相當小，影響力不大，根本不足以對整個市場造成太大影響。

　　“而且，選擇新華富時25指數做跟蹤，也不特別具有代表性，因為隻有25隻股票，完全不能代表中國市場。”劉央說，隻是在最近市場情況不太好的時候，這種帶有投機色彩的產品出現，可能會對市場氣氛有些影響。

　　同時，劉央認為，Profunds集團現在推出做空中國的ETF產品，也說明了境外投資者已經意識到做空獲利的市場機遇.

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實際上PROFUNDS推出的是做空中國股市2倍收益的ETF

http://www.profunds.com/ProFundsProfiles/FundID_818/UltraShort_China/Profile.fs


ProFunds introduces two new ways to act on China's next move.

Chinese markets have provided staggering returns in recent years, far outpacing both the S&P 500 Index as well as the MSCI EAFE Index over the past three years.

Which side are you on?

Opinions are divided on the future of Chinese stocks. Here's what some leading analysts are saying.



Now, two simple ways to act on your view

Now you can easily act on your beliefs about the direction of Chinese markets with two new ProFunds.



The Bank of New York China Select Index is a free-float adjusted/modified capitalization-weighted index. The Index is designed to track the performance of a basket of Chinese companies who have Depositary Receipts that trade on a U.S exchange or on the NASDAQ.

As with all ProFunds, these new funds offer you the flexibility to shift your investments as you see market conditions changing. There are no limits on the number of exchanges among the more than 60 ProFunds—but remember, exchanges may have tax consequences.

Act on your view about China today.

A few words about risk
Investing in these ProFunds involves certain risks, specifically, market, correlation, credit, exchange rate, foreign currency, foreign money markets, liquidity, aggressive investment technique, non-diversification, repurchase agreement, and inverse correlation risk (in the UltraShort China ProFund). These funds do not constitute a complete investment program and they may not be suitable for all investors.

These ProFunds are not diversified investments. Narrowly focused investments, including single-country funds, typically exhibit higher volatility. International investments may also involve risk from unfavorable fluctuation in currency values, differences in generally accepted accounting principles, and economic or political instability.





Vital Statistics

Class Ticker CUSIP Fund Number
Investor UHPIX 74318X-737 169
Service UHPSX 74318X-729 199

Inception Date for all share classes is ––


NAV
as of 3/28/2008

Class NAV % Change $ Change
Investor $36.34 -4.57% -$1.74
Service $36.30 -4.60% -$1.75
At a GlanceUltraShort China ProFund provides leveraged exposure to the The Bank of New York China Select Index. ObjectiveSeeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Bank of New York China Select ADR Index.

There is no guarantee that any ProFund will achieve its investment objective. Investment return and principal value will vary and shares may be worth more or less at redemption than at original purchase. See the prospectus for more information.

This ProFund routinely employs leveraged investment techniques that magnify gains and losses and result in greater volatility in value. This ProFund should experience losses when benchmark indexes rise.

Investing in ProFunds involves certain risks, including active investor risk, counterparty risk, credit risk, early close/trading halt risk, portfolio turnover risk, market risk equity risk, correlation risk, leverage risk, aggressive investment technique risk, geographic concentration risk, and volatility risk.

An investment in this ProFund entails the special risks of international investing, including currency exchange fluctuation, government regulations, and the potential for political and economic instability.



Returns (as of 12/31/2007)
YTD (as of 3/28/2008) 21.13%
Average Annual One Year ––
Average Annual Three Year ––
Average Annual Five Year ––
Average Annual Since Inception ––
Cumulative Since Inception ––
Gross Expense Ratio ––
Net Expense Ratio ––



View Performance Chart

Fund Statistics
Limits On Exchanges None
Minimum Investment
Individual Investor $15,000
Financial Professionals $5,000




Investing in ProFunds involves certain risks, including in all or some cases, leverage, liquidity, concentration, non-diversification, foreign investment, foreign currency, high yield, interest rate, credit, market, correlation, aggressive investment technique and repurchase agreement risks. Moreover, there is no guarantee that any ProFund will achieve its investment objective. These risks can increase volatility and decrease performance. All ProFunds permit active investment strategies which can decrease performance and increase expenses.



http://www.proshares.com/funds/performance

Performance

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Performance | NAV vs. Closing Price | Understanding Long-Term Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Short MarketCap Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
Short QQQ PSQ 6/19/06 4.82 -2.15 3.65 -2.74 -11.34 -12.92 -11.45 -12.95 1.14 0.95
Short Dow30 DOG 6/19/06 3.6 -2.11 2.91 -2.45 -1.5 -7.05 -1.35 -6.99 1.21 0.95
Short S&P500 SH 6/19/06 9.56 0.68 8.8 0.41 1.31 -5.42 1.34 -5.37 1.08 0.95
Short MidCap400 MYY 6/19/06 10.53 0.2 10.31 0.15 -1.24 -5.05 -1.41 -5.08 1.07 0.95
Short SmallCap600 SBB 1/23/07 14.82 12.67 15.08 12.48 - 5.33 - 5.02 1.89 0.95
Short Russell2000 RWM 1/23/07 17.61 15.43 17.51 15.17 - 5.34 - 5.47 1.70 0.95
UltraShort QQQ QID 7/11/06 1.47 -12.79 0.88 -13.23 -27.18 -31.6 -27.29 -31.58 0.98 0.95
UltraShort Dow30 DXD 7/11/06 0.46 -8.45 0.03 -8.46 -8.94 -17.57 -8.74 -17.51 1.05 0.95
UltraShort S&P500 SDS 7/11/06 12.02 -2.09 11.7 -2.23 -3.94 -13.67 -3.71 -13.33 0.96 0.95
UltraShort MidCap400 MZZ 7/11/06 13.37 -2.4 12.39 -3.11 -8.99 -12.13 -8.67 -11.85 1.05 0.95
UltraShort SmallCap600 SDD 1/23/07 21.17 16.87 21.54 16.41 - 2.84 - 2.7 1.59 0.95
UltraShort Russell2000 TWM 1/23/07 26.14 21.8 24.58 20.63 - 2.24 - 2.6 1.08 0.95
Short Style Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
UltraShort Russell1000 Value SJF 2/20/07 21.7 29.85 21.76 29.72 - 11.93 - 12.3 2.37 0.95
UltraShort Russell1000 Growth SFK 2/20/07 3.89 11.39 4.09 11.08 - -8.09 - -8.19 2.36 0.95
UltraShort Russell MidCap Value SJL 2/20/07 33.27 40.74 42.44 41.23 - 22.74 - 22.38 2.37 0.95
UltraShort Russell MidCap Growth SDK 2/20/07 7.43 14.63 7.21 14.38 - -3.96 - -4.74 1.99 0.95
UltraShort Russell2000 Value SJH 2/20/07 39.99 50.45 39.21 49.62 - 32.17 - 32.85 2.12 0.95
UltraShort Russell2000 Growth SKK 2/20/07 15.08 23.79 15.84 24.12 - -2.48 - -2.7 1.78 0.95
Short Sector Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
UltraShort Basic Materials SMN 1/30/07 -38.59 -39.7 -37.98 -39.61 - -40.21 - -40 2.00 0.95
UltraShort Consumer Goods SZK 1/30/07 4.32 6.76 4.61 6.89 - -6.54 - -6.57 1.91 0.95
UltraShort Consumer Services SCC 1/30/07 40 40.84 40.91 41 - 30.02 - 30.27 1.94 0.95
UltraShort Financials SKF 1/30/07 65.32 66.93 64.7 67.1 - 46 - 45.96 1.30 0.95
UltraShort Health Care RXD 1/30/07 8.95 12.62 8.72 12.94 - -1.96 - -2.54 1.91 0.95
UltraShort Industrials SIJ 1/30/07 -2.35 -3.13 -1.8 -3.22 - -16.7 - -16.48 1.24 0.95
UltraShort Oil & Gas DUG 1/30/07 -46.36 -42.18 -46.68 -43.42 - -47.41 - -47.51 2.00 0.95
UltraShort Real Estate SRS 1/30/07 55.1 57.3 52.64 56.57 - 59.94 - 60.38 1.59 0.95
UltraShort Semiconductors SSG 1/30/07 20.17 17 22.55 16.55 - -15.58 - -16.23 1.94 0.95
UltraShort Technology REW 1/30/07 4.04 9.11 2.74 7.12 - -20.56 - -19.52 1.95 0.95
UltraShort Utilities SDP 1/30/07 0.37 -7.73 -0.3 -8.07 - -25.53 - -25.56 2.00 0.95
Short International Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
Short MSCI EAFE EFZ 10/23/07 - 14.08 - 13.74 - 3.98 - 3.74 1.22 0.95
Short MSCI Emerging Markets EUM 10/30/07 - 10.68 - 10.45 - 4.35 - 4.1 1.22 0.95
UltraShort MSCI EAFE EFU 10/23/07 - 25.86 - 25.21 - 6.2 - 6.04 1.22 0.95
UltraShort MSCI Emerging Markets EEV 10/30/07 - 14.94 - 11.84 - 4.81 - 4.86 1.22 0.95
UltraShort FTSE/Xinhua China 25 FXP 11/6/07 - 29.91 - 28.4 - 10.08 - 10.28 1.22 0.95
UltraShort MSCI Japan EWV 11/6/07 - 19.81 - 20.11 - 8.43 - 9.5 1.32 0.95
Ultra MarketCap Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
Ultra QQQ QLD 6/19/06 -10.7 5.39 -10.18 5.77 28.68 35.15 28.77 35.17 1.07 0.95
Ultra Dow30 DDM 6/19/06 -4.31 10.28 -4.4 10.21 8.71 23.94 8.6 24.13 1.22 0.95
Ultra S&P500 SSO 6/19/06 -15.43 3.64 -14.62 4.15 1.66 19 1.04 18.65 1.11 0.95
Ultra MidCap400 MVV 6/19/06 -17.64 2.72 -17.72 2.91 6.37 16.06 4.86 14.91 1.34 0.95
Ultra SmallCap600 SAA 1/23/07 -26.24 -22.78 -25.7 -22.35 - -9.67 - -9.77 2.48 0.95
Ultra Russell2000 UWM 1/23/07 -31.06 -27.8 -30.9 -27.56 - -11.45 - -11.58 2.50 0.95
Ultra Style Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
Ultra Russell1000 Value UVG 2/20/07 -22.86 -27.78 -22.51 -27.37 - -13.71 - -13.73 2.26 0.95
Ultra Russell1000 Growth UKF 2/20/07 -7.94 -14.27 -7.87 -14.27 - 6.35 - 6.23 2.30 0.95
Ultra Russell MidCap Value UVU 2/20/07 -30.07 -33.76 -30.18 -33.53 - -21.56 - -21.69 2.21 0.95
Ultra Russell MidCap Growth UKW 2/20/07 -13.51 -18.98 -13.65 -19.1 - 0.05 - 0.6 2.23 0.95
Ultra Russell2000 Value UVT 2/20/07 -38.4 -42.66 -38.74 -43.01 - -31.84 - -31.55 2.64 0.95
Ultra Russell2000 Growth UKK 2/20/07 -22.93 -28.46 -22.63 -27.96 - -5.83 - -5.47 2.60 0.95
Ultra Sector Fund Ticker Inception Date Month-end Performance Quarter-end Performance Gross Expense Ratio (%) Net Expense with waiver (%)¹
NAV Total Returns (%) as of 2/29/2008 Market Price Returns (%) as of 2/29/2008 NAV Total Returns (%) as of 12/31/2007 Market Price Returns (%) as of 12/31/2007
1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept* 1 Year Since Incept*
Ultra Basic Materials UYM 1/30/07 33.66 37.53 36.83 39.17 - 46.76 - 45.71 1.95 0.95
Ultra Consumer Goods UGE 1/30/07 -4.32 -6.37 -4.4 -6.39 - 8.27 - 9.04 2.02 0.95
Ultra Consumer Services UCC 1/30/07 -32.28 -32.38 -31.78 -32.21 - -24.52 - -23.98 2.40 0.95
Ultra Financials UYG 1/30/07 -51.32 -51.02 -51.5 -50.71 - -39.87 - -39.59 2.28 0.95
Ultra Health Care RXL 1/30/07 -7.99 -10.74 -8.8 -11.2 - 3.9 - 3.87 2.00 0.95
Ultra Industrials UXI 1/30/07 -3.63 -2.38 -3.82 -2.39 - 16.52 - 15.04 2.12 0.95
Ultra Oil & Gas DIG 1/30/07 57.2 47.29 54.09 46.75 - 69.05 - 68.96 1.62 0.95
Ultra Real Estate URE 1/30/07 -52.56 -52.35 -52.85 -52.12 - -49.07 - -49.02 1.87 0.95
Ultra Semiconductors USD 1/30/07 -31.08 -28.56 -31.34 -28.39 - 7.4 - 7.23 1.94 0.95
Ultra Technology ROM 1/30/07 -13.25 -16.81 -13.96 -16.54 - 19.04 - 19.11 2.25 0.95
Ultra Utilities UPW 1/30/07 -7.35 1.31 -7.47 1.46 - 28.27 - 27.55 1.88 0.95


1 = Expenses with Contractual Waiver for 10/1/07 through 9/30/08



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其他領域或產品做空型共同基金:

http://www.bearmarketcentral.com/mutualfunds.htm

The Bear Funds Scoreboard
Mutual Funds (fund name order) 03/25/08

Fund Ticker NAV Change

Access Flex Bear High Yield Fund AFBIX 27.03 0.17 0.63%
Comstock Capital Value Fund DRCVX 2.32 0.01 0.43%
Comstock Strategy Fund CPFAX 2.36
0.01 0.43%
Direxion Developed Mkts Bear 2.0X Fund DXDSX 13.14 0.03 0.23%
Direxion Dollar Bear 2.5X Fund DXDDX 28.23 0.07 0.25%
Direxion Emerging Markets Bear 2.0X Fund DXESX 4.67 0.02 0.43%
Direxion FDS 10 Year Note Bear Fund DXKSX 13.62 0.18 1.30%
Direxion High Yield Bear Fund PHBRX 19.10 0.30 1.55%
Direxion NASDAQ-100 Bear 2.5X Fund DXQSX 16.45 0.17 1.04%
Direxion S&P 500 Bear 2.5X Fund DXSSX 18.45 0.35 1.93%
Direxion Small Cap Bear 2.5X Fund DXRSX 13.94 0.46 3.41%
Direxion US Short Fund PSPSX 25.38 0.05 0.20%
Leuthold Grizzly Short Fund GRZZX 6.30 0.09 1.45%
ProFunds: Bear ProFund BRPIX 28.33 0.22 0.78%
ProFunds: Falling US Dollar ProFund FDPIX 31.91 0.03 0.09%
ProFunds: Rising Rates Opp. Fund RRPIX 17.32 0.24 1.37%
ProFunds: Rising Rates Opp. 10 Fund RTPIX 26.69 0.17 0.63%
ProFunds: Short Oil & Gas ProFund SNPIX 17.68 0.05 0.28%
ProFunds: Short Real Estate ProFund SRPIX 26.42 0.28 1.07%
ProFunds: Short Small-Cap ProFund SHPIX 17.46 0.23 1.33%
ProFunds: Short OTC ProFund SOPIX 16.22 0.09 0.56%
ProFunds: Short Precious Metals Fund SPPIX 18.33 0.14 0.77%
ProFunds: UltraBear ProFund URPIX 15.43
0.24
1.58%
ProFunds: UltraShort Emkt Fund UVPIX 8.39 0.05 0.60%
ProFunds: UltraShort Japan Fund UKPIX 42.90 0.04 0.09%
ProFunds: UltraShort Intl Fund UXPIX 22.31 0.34 1.50%
ProFunds: UltraShort Mid-Cap ProFund UIPIX 15.34 0.27 1.79%
ProFunds: UltraShort Small-Cap ProFund UCPIX 15.76 0.41 2.67%
ProFunds: UltraShort Dow 30 ProFund UWPIX 18.40 0.25 1.38%
ProFunds: UltraShort OTC ProFund USPIX 12.23 0.15 1.24%
Prudent Bear Fund BEARX 6.66 0.07 1.06%
Prudent Global Income Fund PSAFX 13.85 0.01 0.07%
Rydex Inverse Dynamic Dow Fund RYCWX 35.11 0.50 1.44%
Rydex Inverse Dynamic OTC Fund RYVNX 15.74 0.17 1.09%
Rydex Inverse Dynamic Russell 2000 Fund RYIRX 48.18 1.26 2.69%
Rydex Inverse Dynamic S&P 500 Fund RYTPX 35.28 0.54 1.55%
Rydex Inverse Government Long Bond Fund RYJUX 16.90 0.19 1.11%
Rydex Inverse Mid-Cap Fund RYMHX 37.40 0.34 0.92%
Rydex Inverse OTC Fund RYAIX 21.44 0.13 0.61%
Rydex Inverse Russell 2000 Fund RYSHX 39.35 0.52 1.34%
Rydex Inverse S&P 500 Fund RYURX 40.20 0.32 0.80%