ProFunds has filed six new funds with the Securities and Exchange Commission to round out its lineup of 39 funds. The new funds include the Asia, Ultra Government Bond, Ultra Inverse Government Bond, Short OTC, Short Small-Cap and Ultra Blue Chip funds, according to the regulatory filing.
The Asia ProFund is a standard index fund that will track the ProFunds proprietary Asia index, which is comprised of a small number of companies located in Taiwan, South Korea, Singapore, Hong Kong and China. The UltraGovernment Bond and Ultra Inverse Government Bond funds seek 125% return of the most recently issued 30-year U.S. Treasury bonds and 125% of the inverse of the 30-year bonds, respectively. The Short OTC fund will seek to provide inverse returns of the Nasdaq 100 and the Short Small-Cap fund is designed to provide the inverse returns of the Russell 2000. The Ultra Blue Chip fund is designed to provide double the returns of the Dow Jones Industrial Index, according to the filing.