Saturday, 18 April 2015
Last updated 1 hour ago
Mar 6 2007 | 2:42pm ET
Rydex Investments is taking retail investors a step further into the alternatives investment space with a mutual fund featuring exposure to managed futures.
The Rydex Managed Futures Fund, which was launched this week, will provide its investors access to the U.S. commodity and global financial futures markets through the use of structured notes by tracking the performance of the Standard & Poor’s Diversified Trends Indicator.
The S&P DTI is comprised of 14 sectors with 50% allocated to financial futures and 50% to commodity futures. It has the ability to go long or short based on price momentum with the exception of the energy sector, which can only go long or neutral. The model rebalances on a monthly basis.
“The S&P DTI methodology is rules-based and relies on trends to capture profits,” said Edward Egilinsky, managing director of alternative investments at Rydex. “The S&P DTI also offers benefits from a diversification standpoint. It has historically shown a very low or slightly negative correlation to traditional investments such as fixed-income and equities and at the same time exhibits an attractive risk/return ratio.”
Rydex currently manages some $14 billion in mutual funds and exchange-traded funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…