IPS Strategic Capital Absolute Return Fund Institutional Class (IPSAX)
IPS Strategic Capital Absolute Return Fund Institutional Class operates in the Asset Management industry of the Financial Services sector, headquartered in Boca Raton, FL, US. The stock last traded at $10.27, up 0.10% on the session, giving a market capitalisation of $57.7M. Its beta of 0.77 implies it has historically moved less than the broad market.
The fund's primary strategy consists of selling and purchasing put and call options on equity indexes and exchange traded funds. The sale of put options generates income for the fund, but exposes it to the risk of declines in the value of the underlying assets. The risk in purchasing options is limited to the premium paid by the fund for the options. The sale of call options generates income for the fund but may limit the fund's participation in equity market gains. The fund's investment adviser seeks to reduce the overall volatility of returns by managing a portfolio of options. It is non-diversified.
IPS Strategic Capital Absolute Return Fund Institutional Class is most often compared with the following Financial Services names: