Portfolio Management
With many internet-focused hitting lows, many investors have been paying close attention to some of these these big-name stocks. This week, we have chosen the ProFunds Internet UltraSector Fund (INPSX) as our fund of the week.
Inside the Fund
The fund was launched in 2000 and is managed by Charles Lowery and Michael Neches. Currently, it has about $57 billion in assets under management (AUM).
The fund is comprised completely of U.S-based companies in the technology and consumer cyclical sectors. So far in 2014, the fund is down 2.5%.
Historical Performance
| 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|
| 52.47% | -13.55% | 28.27% | 83.94% | -.50% |
ProFunds Internet UltraSector’s Largest Holdings
Nearly 30% of the fund’s portfolio is in its top five holdings. Each of these holdings are down YTD.
| Symbol | Stock | Portfolio Weight | 2015 Performance |
|---|---|---|---|
| FB | 7.58% | -2% | |
| AMZN | Amazon | 6.17% | -4.5% |
| PCLN | Priceline | 4.96% | -9% |
| EBAY | eBay | 4.67% | -1% |
| YHOO | Yahoo! | 4.13% | -5% |
The Bottom Line
Many companies in this industry have been considered momentum or growth stocks, but recently they have been stumbling. Other than energy stocks, internet-focused stocks have been some of the worst performers in the market lately. Investors interested in any of these stocks, or a mutual fund like ProFunds Internet UltraSector, should consider the recent downfall before jumping in.
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