The new funds include Rydex’s benchmark-based funds, the Nova Fund, which seeks to provide returns that correspond to 150 percent of the Standard & Poor’s 500 performance on a daily basis, and the OTC Fund, which was the first mutual fund to track the Nasdaq 100 Index.
Besides the benchmarks, GoldK has added 10 Rydex sector funds including:
- Basic Materials
- Energy Services
- Financial Services
- Health Care
Each fund will offer an advisor class of shares.
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