Rydex Dow 2x Strategy Fund Class H (RYCVX)
Rydex Dow 2x Strategy Fund Class H operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $239.77, up 0.11% on the session, giving a market capitalisation of $42.9M. Its beta of 1.73 implies it has historically moved more than the broad market.
This fund endeavors to deliver daily investment results that are double the performance of the Dow Jones Industrial Average®, before deducting any fees and expenses. Its strategy involves acquiring common stock of companies that typically fall within the market capitalization range of the underlying index, alongside employing derivative financial instruments. A substantial portion, specifically at least 80% of its net assets (plus any borrowed funds for investment purposes), will be allocated to financial tools designed to mirror the economic behavior of securities within the benchmark index. This fund is categorized as non-diversified.
Rydex Dow 2x Strategy Fund Class H is most often compared with the following Financial Services names: