Rydex NASDAQ-100 Fund (RYCOX)
Rydex NASDAQ-100 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $72.88, down 0.33% on the session, giving a market capitalisation of $2.36B. Its beta of 1.30 implies it has historically moved more than the broad market.
This fund's investment approach centers on acquiring common shares of companies with market capitalizations typically aligning with its benchmark index, in addition to utilizing derivative instruments. It is mandated to commit a minimum of 80% of its net assets, along with any borrowed capital used for investment, to either securities of the underlying index's constituents, derivative contracts, or other financial vehicles designed to mirror the index's returns. Importantly, this fund operates on a non-diversified basis.
Rydex NASDAQ-100 Fund is most often compared with the following Financial Services names: