ProFunds UltraLatin America Inv
Why the ProFunds UltraLatin America Inv Fund (UBPIX) Tanked in August 2015
The ProFunds UltraLatin America (UBPIX) nose-dived by 19.4% in August 2015 from a month ago—the biggest fall among the eight funds we’ve analyzed in this series.
This Strategy Propelled the UltraLatin America ProFund
The UltraLatin America ProFund Class A (UBPIX) has been the best performing fund in 2016 among the seven funds chosen for this review.
Exploring UBPIX’s Sectoral Composition
UBPIX’s assets were invested across 35 stocks in July 2016, and it was managing assets worth $25 million.
Inflation in Brazil Has Slowed, but the Battle Is Far from Over
Brazil finds itself in a phenomenon known as stagflation, characterized by slowing economic growth, rising inflation, and high unemployment.
Consumer Staples Helped UBPIX Outshine Its Peers
UBPIX rocketed 59.1% in the first four months of 2016. In the past year, it has fallen 37.8%.
How Is UBPIX’s Portfolio Positioned Year-to-Date in 2016?
UBPIX’s assets were invested across 35 stocks as of April 2016. It was managing assets worth $31.0 million.
No Good News from Banco Central do Brasil for Inflation in Brazil
In its quarterly inflation report, the Banco Central do Brasil projected that inflation measured by Broad National Consumer Price Index (or IPCA) could be 6.6% in 2016. In December’s report, the central bank had expected inflation to be 6.2% in 2016.
Latin American Funds Surging as Brazilian Stocks Are on a Tear
The primary reason for optimism for Brazilian stocks is the hope that President Dilma Rousseff will be impeached soon, bringing political stability to a nation where moving stalled economic reforms ahead is a priority.
Why Is the UltraLatin America ProFund Doing Well in 2016?
The UltraLatin America ProFund is different from the other funds in this review. It aims at single-day returns that are two times the return of the BNY Mellon Latin America 35 ADR Index.
UBPIX Is Not for Everyone
UBPIX is different from its peers. It’s a leveraged fund and aims at single-day returns that are twice those of the BNY Mellon Latin America 35 ADR Index.
The UltraLatin America ProFund: Defeated by Its Leverage Strategy
The UltraLatin America ProFund – Class A (UBPIX) fell 13.7% in December 2015 from a month prior.
How Did the UltraLatin America ProFund’s Portfolio Do in 2015?
As of December 2015, the UltraLatin America ProFund’s assets were invested across 35 stocks.
Leverage Strategy Helped UBPIX in October 2015
UBPIX fell 10.4% in November 2015 from a month prior. In the three- and six-month periods ended November 30, the fund fell 19.8% and 46.9%, respectively.
Portfolio Composition of UBPIX through November 2015
UBPIX’s assets were invested across 35 stocks as of November 2015, and it was managing assets worth $12.0 million.
Can Extended Stimulus Measures Help Europe-Focused Mutual Funds?
The European Central Bank expanded stimulus measures for the Eurozone on December 3, 2015, by reducing its deposit rate by ten basis points to -0.3%.
CPI Inflation Rose, RBI Didn’t Change the Repo Rate
India’s CPI inflation slowed to a 3.3% pace in November 2014 from 8.7% in January 2014. India was among the biggest beneficiaries of the fall in crude oil prices.
Ten Europe-Focused Mutual Funds and Their Key Indicators
Europe-focused mutual funds had a good October. In this series, we aim to analyze their performance. We’ll see how they’ve fared across periods and why so.
How the UltraLatin America ProFund’s Leverage Strategy Pummeled Returns in September
The UltraLatin America ProFund plummeted by 20.7% in September from August. In the three-month period ending September 30, the fund fell by 46.8%.
The UltraLatin America ProFund Class A (UBPIX): Portfolio Overview
The UltraLatin America ProFund seeks “daily investment results…that are 2x the return of the BNY Mellon Latin America 35 ADR Index for a single day.”
The ProFunds UltraLatin America Inv Fund (UBPIX): Must-Knows
ProFunds offers the ProFunds UltraLatin America Inv Fund (UBPIX), which aims at single-day returns only, and these returns are two times that of its underlying index.