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Mutual Funds: Winners and Losers for Q3

Small-caps, Chinese stocks among the best-performing flavors

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Winner: ProFunds UltraChina

ProFunds1852Q3 Performance: +59.4%

ProFunds UltraChina (UGPIX) not only has a narrow focus, but also employs leverage to achieve results that can be fantastic — or can lead to horrific losses. The fund attempts to deliver two times the daily performance of the BNY Mellon China Select ADR Index, which includes companies such as China Mobile (CHL), CNOOC (CEO) and Baidu (BIDU).

For most investors, such products do not work well over the long-term but can provide some eye-popping results in the short-term. At 60% in just three months, UGPIX is one of the best-performing mutual funds on the market.

UGPIX charges 1.73% in expenses.

As of this writing, Bill Wysor did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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