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ProFund Creates Two New Funds

ProFund Advisors has created two new no-load funds: the UltraEurope ProFund and the UltraShort Europe ProFund. The two funds seek performance relative to the ProFund Europe Index (PEI), which is based on indexes of the markets in Britain, France and Germany. The UltraEurope fund seeks to double the results of the PEI, while the UltraShort Europe seeks to double the inverse of the PEI.