Top Rydex Funds – Mutual Fund Education
Source: http://www.zacks.com/stock/news/25575/Top+Rydex+Funds+-+Mutual+Fund+EducationPosted on Wednesday, October 7th, 2009 | In Investing Lessons, Stocks to Watch
Rydex Inverse S&P 500 Strategy Inv (RYURX) was incepted in January 1994. The investment seeks to provide investment results that inversely correlate to daily performance of the S&P 500 Index.
The fund normally invests in financial instruments with economic characteristics that should perform opposite to those of its underlying index. It is non-diversified.
Unit holders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has outstripped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.
Rydex Transportation Inv (RYPIX) seeks capital appreciation by investing in companies engaged in providing transportation services or those engaged in design, manufacture, distribution, or sale of transportation equipment.
The fund invests in securities that are traded in the United States, as well as in futures and options contracts. It has an expense ratio of 1.38%.
The fund’s key holdings include United Parcel Service Inc. (UPS – Analyst Report), Union Pacific Corp. (UNP – Analyst Report) and Burlington Northern Santa Fe Corp. (BNI – Analyst Report).
Rydex Electronics Inv (RYSIX) seeks capital appreciation. It primarily invests in equity securities that are traded in the United States, as well as in futures and options contracts.
The fund focuses on electronics companies, including semiconductor manufacturers and distributions, and makers and vendors of other electronic components and devices. It distributes dividends and capital gains, if any, annually.
Michael P. Byrum has been lead manager at the fund since its inception in April 1998. Before joining Rydex Investments, Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds Inc.
Last 5 posts by Alex Kolb
- Tupperware Brands - Growth And Income - Zacks Rank Buy - November 25th, 2009
- American Express Company - Growth And Income - Zacks Rank Buy - November 24th, 2009
- Coach, Inc. - Growth And Income - Zacks Rank Buy - November 23rd, 2009
- Crane Co. - Growth And Income - Zacks Rank Buy - November 20th, 2009
- Gap Inc. - Growth And Income - Zacks Rank Buy - November 19th, 2009
Analyst, Burlington Northern Santa Fe Corp.;, electronics, Investing Lessons, Investment Adviser, lead manager, manager at the fund, Michael P. Byrum, Money Management Associates, Rushmore Funds Inc., semiconductor, Stocks to Watch, Transportation Equipment, transportation services, Union Pacific Corp., United Parcel Service Inc., United States, USD, Zacks Market Commentaries
 About Alex Kolb (http://www.zacks.com/)
Alex Kolb is an Editor at Zacks Investment Research. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.