Rydex Internet Inv (RYIIX)
Rydex Internet Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $186.92, down 0.57% on the session, giving a market capitalisation of $43.8M. Its beta of 1.14 implies it has historically moved more than the broad market.
Under typical conditions, this fund allocates at least 80% of its net assets to equity holdings of Internet companies primarily traded within the United States. It also strategically utilizes derivatives, principally futures contracts and options, which may be based on individual securities, other futures contracts, or stock market indices. A significant portion of its portfolio may be directed towards Internet firms with small to mid-sized market capitalizations. Furthermore, the fund has the flexibility to acquire American Depositary Receipts (ADRs) for exposure to foreign Internet businesses and may also invest in U.S. government debt.
Rydex Internet Inv is most often compared with the following Financial Services names: