Rydex Dow 2x Strategy Fund (RYCYX)
Rydex Dow 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 $195.48, down 0.03% on the session, giving a market capitalisation of $42.8M. Its beta of 1.73 implies it has historically moved more than the broad market.
The fund's core investment strategy involves acquiring equity shares of companies whose market capitalization typically falls within the range of its benchmark index, along with employing various derivative instruments. A substantial portion, at least 80% of its net assets (including any capital obtained through borrowing for investment purposes), will be allocated to financial instruments designed to replicate the economic performance of the securities comprising the underlying index. This fund operates with a concentrated portfolio, rather than a broadly diversified one.
Rydex Dow 2x Strategy Fund is most often compared with the following Financial Services names: