Rydex NASDAQ-100 2x Strategy Fund (RYCCX)
Rydex NASDAQ-100 2x Strategy Fund operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $584.66, up 1.45% on the session, giving a market capitalisation of $1.28B. Its beta of 2.47 implies it has historically moved more than the broad market.
The fund's investment strategy primarily involves allocating its capital to the common stocks of companies whose market capitalization generally aligns with the underlying index, in addition to employing derivative instruments. A core tenet of its approach requires at least 80% of its net assets, including any funds borrowed for investment purposes, to be placed in financial instruments that are expected to deliver economic characteristics and performance similar to the securities within the underlying index. It's important to note that this fund is structured as non-diversified.
Rydex NASDAQ-100 2x Strategy Fund is most often compared with the following Financial Services names: