The 10 Most Profitable Hedge Funds of the Year
Jessica Cortez Quick Links
What are the best asset and investment management funds to join? The proof of the performance is always in the pudding so you should always check the returns that each fund can yield. Here are the 10 most profitable hedge funds of the year, along with their respective yields so far this year from January to August 3, 2013.
10. JPMorgan Double Short US 10 Year Treasury Futures ETN – 90.86 percent
JPMorgan Double Short US 10 Year Treasury Futures ETN is an exchange-traded note issued in the United States by JPMorgan Chase & Co. This fund aims to provide double inverse exposure to the New York Stock Exchange United States 10 Year Treasury Futures Index. It is then compounded from one reset period until the next. The fund was started on October 5, 2010. Its net asset value as of August 3, 2013 was 40.6773. It has a fund leverage of 200 percent. It is up 90.86 percent so far this year, although over a 12-month period, it is down by 1.4 percent.
9. Direxion Daily Semiconductors Bull 3x Shares – 90.89 percent
The Direxion Daily Semiconductors Bull 3x Shares is an exchange-traded fund. It aims for a daily result in its investments of 300 percent of the performance of the Philadelphia Semiconductors Index. The fund started on March 11, 2010 and has a net asset value as of August 3, 2013 of 51.3554. it has a fund leverage of 300 percent. Over a 12-month period, it is up 87.88 percent; over a three-year period, it has increased by 14.93 percent. Fund holdings include Dreyfus Treasury Prime Cash, Morgan Stanley Institutional, Intel, Applied Materials Inc. and Texas Instruments.
8. Direxion Daily Financial Bull 3x Shares – 91.68 percent
Direxion Daily Financial Bull 3x Shares is an exchange-traded fund that aims a 300 percent return over the performance of the Russell 1000 Financial Services Index. It invests 80 percent of its assets in equity securities that are part of the index. These include Dreyfus Treasury Prime Cash, Morgan Stanley, Goldman Sachs, JPMorgan Chase, Berkshire Hathaway, Wells Fargo, Citigroup and Bank of America. It is up 166.47 percent over a 12-month period. The fund was established on November 4, 2008 and has a net asset value of 76.7328 as of August 3, 2013.
7. ProShares UltraPro Financials – 94.14 percent
ProShars UltraPro Financials is an exchange-traded fund that seeks results three times that of the daily performance of the Dow Jones Financial Index. Its top fund holdings include Berkshire Hathaway, Wells Fargo, JPMorgan Chase, Citigroup, Bank of America, Visa, American Express, US Bancorp, American International Gropu and Goldman Sachs. Established in July 12, 2012, it has a net asset value of 107.19 as of August 3, 2013. It is already up by 170.93 percent over a 12-month period.
6. Direxion Daily Retail Bull 3x Shares – 96.32 percent
Direxion Daily Retail Bull 3x Shares is an exchange-traded fund that aims for investment results of 300 percent of the performance of the Russell R1 Retail SubSec Index. The fund was set up on July 14, 2010 and has a net asset value of 64.9439 as of August 3, 2013. It is up by 121.83 percent over a 12-month period with investments in Dreyfus Treasury Prime, Wal-Mart, Home Depot, Amazon, Costco, Lowe’s, Target, TJX Cos, Macy’s and Bed Bath & Beyond.
5. ProShares UltraShort Silver – 96.41 percent
ProShares UltraShort Silver is an exchange-traded fund that aims for investments results that correspond to 200 percent the opposite of the daily performance of its corresponding benchmark. It tracks the daily performance of the silver bullion based on the dollar-fixing price for delivery in London. It was established on December 1, 2008 and has a net asset value of 102.2561 as of August 3, 2013. It is up by 44.34 percent over a 12-month period. It is currently betting on silver futures for September 13.
4. ProShares Ultra Nasdaq Biotechnology – 108.96 percent
ProShares Ultra Nasdaq Biotechnology is an exchange-traded fund that wants investment results of 200 percent of the return of the Nasdaq Biotechnology Index. The fund was set up on April 7, 2010 and has a net asset value of 120.94 as of August 3, 2013. It is up by 128.39 percent over a 12-month period. Its main fund holdings are with Amgen, Celgene, Gilead Sciencs, Biogen Idec, Regeneron Pharmaceuticals, Vertex Pharmaceuticals, Life Technologies, Alexion Pharmaceuticals, Mylan and Illumina.
3. Direxion Daily Healthcare Bull 3x Shares – 110.92 percent
Direxion Daily Healthcare Bull 3xx Shares is an exchange-traded fun that seeks daily investment results of 300 percent the price performance of the Health Care Select Sector Index. The fund was first set up on June 15, 2011 and has a net asset value of 111.4734 as of August 3, 2013. Over a 12-month period, the fund has increased by 147.42 percent. Its top fund holdings are Health Care Select Sector, Goldman Sachs Financial Square and Dreyfus Treasury Primary Cash.
2. Global Diversified Investment Grade Income Trust II – 199.15 percent
Global Diversified Investment Grade Income Trust II is a limited purpose income trust based in Canada. The fund provides a fixed rate stream of monthly distributions that are tax-deferred. Unit holders are provided a financial contract with Silverstone and are given an economic interest in the credit exposures. While it has doubled the yields of investors since the start of the year, it has slowed down a bit recently. Over a three-month period, it has increased by 21.74 percent, while over the last month, it went up by only 7.1 percent.
1. Direxion Daily Gold Miners Bear 3x Shares – 233.7 percent
Direxion Daily Gold Miners Bear 3x Shares is an exchange-traded fund that seeks daily investment results equivalent to 300 percent of the inverse of the New York Stock Exchange’s Arca Gold Miners Index. Established on December 8, 2010, it has a net asset value of 89.2469 as of August 3, 2013. The fund is up 96.1 percent over a 12-month period. Top fund holdings are with Morgan Stanley and Dreyfus Treasury Primary Cash.
