Top Short Equity Funds – Mutual Fund Commentary
Source: http://www.zacks.com/stock/news/20253/Top+Short+Equity+Funds+-+Mutual+Fund+CommentaryPosted on Monday, May 18th, 2009 | In Market Commentary, Stocks to Watch
Today 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 Equity Funds.
2 Solid Shorts
ProFunds UltraBear Inv (URPIX) was incepted in December 1997 and seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 Index.
The fund would experience losses when benchmark indexes rise. It engages in short sales. It invests assets which are not invested in equity securities or financial instruments in debt instruments or money market instruments.
The fund is non-diversified. Unit holders have to make a minimum initial investment of $15,000 to enter the fund.
PIMCO StocksPLUS TR Short Strat A (PSSAX) seeks total return through the implementation of short investment positions on the S&P 500. The fund is non-diversified.
The fund invests primarily in short positions with respect to the S&P 500 Index or specific Index securities, backed by a portfolio of Fixed Income Instruments. As of December 2008, its portfolio turnover was 378%.
The fund has been managed by William H. Gross since 2003. The fund’s annual returns have outperformed its benchmark index in the last 1-year period.
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.
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