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The fund primarily invests in utility companies. ProFunds Utilities UltraSector Inv UTPIX seeks daily investment results that correspond to 150%, before fees and expenses, of the performance of the Dow Jones U.S. BULIX has an annual expense ratio of 0.67% and a net asset value of $555.1 million. The 3- and 5-year annualized gains stand at 11.36% and 11.21%. It boasts a year-to-date return of 16.65% and has returned 14.91% over the past 1 year. Dividends, if any, are distributed quarterly.īULIX currently carries a Zacks Mutual Fund Rank #1 (Strong Buy). This fund mainly invests 80% of its assets in stocks of companies engaged in the utilities industry. The fund may also invest up to 20% of its total assets in fixed-income securities. Moreover, these funds have robust year-to-date returns, surpassing the broader markets’ return.Īmerican Century Utilities Investor BULIX seeks current income and long-term capital growth. There are a good number of mutual funds that have sizable gains in each of the last one-, three-, and five-year periods. Despite these unstable waters, investors should know that there are many profitable investment instruments still out there. In addition to China, it seems that the U.S.’s “Bull Run” is having to tackle many hurdles. This pullback has quickly spread on a global scale.
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When the Chinese made yet another currency change, their actions suggested that the second biggest economy in the world was slowing faster than originally feared. dollar helped the commodities industry make a nice turnaround.Ĭhina’s struggling economy, however, have increased global growth concerns.
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But after a brief rally in February, equities were brought back to within shouting distance of the flat line for the year, and the Federal Reserve turned dovish, cutting its forecast for rate hikes this year to two from four. Towards the beginning of the year, fears of both a global and domestic recession increased, and substantially pushed stocks lower.