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Try ProFund Consumer Goods ETF (CNPIX) for Leveraged Returns

Posted July 1, 2008

“A lot of investors utilize the Consumer Staples Select Sector SPDR (XLP:AMEX), an ETF (exchange traded fund) covering that sector. What they may not know is that there is also an ETF that offers leveraged returns on the same sector.” — Christian Hill

by Christian Hill

Baltimore – (TFN): Most investors would agree that in tough economic times one safe haven is consumer staples. Companies like Johnson & Johnson, Coke, and Philip Morris do well in all markets, and tend to weather storms better than companies that sell discretionary goods.

In order to own as many consumer staple companies as possible, a lot of investors utilize the Consumer Staples Select Sector SPDR (XLP:AMEX), an ETF (exchange traded fund) covering that sector. What they may not know is that there is also an ETF that offers leveraged returns on the same sector.

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The ProFunds Consumer Goods UltraSector (CNPIX:Mutual Fund) is structured such that it will correspond to 150 percent of the daily movement in the Dow Jones U.S Consumer Goods Index. For example, if the Consumer Goods Index goes up by 2 percent on a given day, the CNPIX will go up 3 percent. Read on to learn more.

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