Rydex Telecommunications Inv (RYMIX)
Rydex Telecommunications Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $88.28, up 2.52% on the session, giving a market capitalisation of $15.0M. Its beta of 0.91 implies it has historically moved less than the broad market.
This fund commits at least 80% of its total assets to equity holdings in telecommunications companies trading on U.S. markets. Additionally, it employs derivatives, mainly futures contracts and options on securities, futures, and stock market indices. Investments may also significantly include securities of telecommunications enterprises characterized by small to mid-range market capitalizations. For exposure to foreign telecommunications entities, the fund can purchase American Depositary Receipts (ADRs), and it retains the ability to hold U.S. government debt instruments. Notably, this is a non-diversified fund.
Rydex Telecommunications Inv is most often compared with the following Financial Services names: