Have No Fear
Don't let the lingo scare you off this biotech fund.
If the word leverage doesn't create a deer-in-headlights gaze when you hear it, then you may like ProFunds.
Last year, the ProFunds Biotechnology Ultra Sector Technology fund (BIPIX) had a 27.3 percent return-almost three times the return of the average health/bio-tech fund Lipper tracks. For the past three years, it has ranked No. 2 in its category.
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