Investment Losses in ProFunds UltraShort NASDAQ 100 (USPIX)
Have you suffered losses investing in ProFunds UltraShort NASDAQ 100 (USPIX)? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
According to Investment News, despite the fact that Standard & Poor’s 500 stock index rose 9.3% in the first half of this year, and the international MSCI EAFE index jumped 11.8%, some funds and ETFs managed to post losses.
One example is ProFunds UltraShort NASDAQ 100 (USPIX), which dropped 27.5% in the first half of the year.
According to the website, ProFunds UltraShort NASDAQ 100 was incepted in June 1998 and is managed by ProFund Advisors. The fund seeks daily investment results that are twice the inverse, before fees and expenses, of the performance of the Nasdaq100 Index.
The fund provides leveraged exposure to the Nasdaq 100 Index and primarily engages in short selling, stock index futures contracts, options on stock index futures contracts and options on securities and stock indexes.
It typically invests in securities traded on the over-the-counter markets and instruments with values that are representative of such securities. Dividends and capital gains are distributed annually, according to the website.
ProFunds are not suitable for all investors because of the sophisticated techniques the funds employ. Investing involves risk, including the possible loss of principal.
If your financial advisor failed to adequately disclose the risk of investing in ProFunds UltraShort NASDAQ 100 (USPIX), you may be able to recover your losses through a FINRA arbitration claim.
For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.