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The Rydex group of funds are designed for professional money managers
(investment advisors) to either time the market or hedge their portfolios.
They are really not "aggressive" funds, rather they are design to track a
specific market. For instance, the Ursa fund is a fund designed to have a
beta of -1 basis the S&P. The Rydex Nova fund is designed to have a beta of
+1.5, basis the S&P. If a manager thinks the market is going down he buys
Ursa, if he thinks it's going up he buys Nova.
It's the strategy not the fund that determines whether or not one is being
aggressive.
Regards,
Tom Alexander
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> From: TRaffertu@xxxxxxx
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Who handles RU?
> Date: Sunday, August 31, 1997 4:04 PM
>
> Roy C. Sampley wrote: This is the first I have heard of RU (Rydex Ursa
> Fund). What are their market names?
>
> Rydex Series Trust
> 6116 Executive Blv., Suite 400
> Rockville, MD. 20852
> (800) 820-0888
>
> They are a family of six funds:
>
> NAME GOAL
> The Nova Fund 150% of the performance of the S&P 500
> Composit Index
> The Ursa Fund Inverse of the S&P 500 Composit
Index
> Rydex OTC Fund NASDAQ 100 Index (NDX)
> Rydex Precious Metals Fund Phili. Gold/Silver Index (XAU)
> Rydex U.S. Gov. Bond Fund 120% of price movement of current long
Tresury
> Bond
> The Juno Fund Inverse of price movement of
current
> long bond.
>
> Note: to atcheve these goals they hold options, futures, and options on
> futures and short sales, as may be appropriate and are very aggressife
funds.
>
> No load, transfer fee or redemption fee on any fund.
> Min. investment $25,000 (less for IRA's) or $15,000 thru registered
> investment adviser.
>
> Question: Has any RT'er used these funds as a hedge against the S&P or
> Bonds?
>
> Good luck & good trading,
> Ray Raffurty
>
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