Rydex Health Care Inv (RYHIX)
Rydex Health Care Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $154.17, down 0.20% on the session, giving a market capitalisation of $20.1M. Its beta of 0.70 implies it has historically moved less than the broad market.
This fund typically commits a minimum of 80% of its net assets to common stocks of healthcare companies listed on U.S. exchanges. Its strategy also incorporates derivatives, mainly comprising futures contracts and options tied to individual securities, other futures, and various stock market indices. The fund has the discretion to make significant allocations to healthcare businesses with small to mid-sized market capitalizations. For international diversification within the healthcare sector, it may utilize American Depositary Receipts (ADRs), and it is also authorized to invest in U.S. government debt instruments.
Rydex Health Care Inv is most often compared with the following Financial Services names: