Bear market fund investors have struck it rich, with the best-performing such fund, the Rydex Inverse Nasdaq 100 Fund, up 107% over the past 12 months, businessworld.com reports. Year-to-date, the fund is up 88.7%, and in the past month alone, 16.6%.
By comparison, the average diversified U.S. equity fund is down 37% in the past trailing 12 months, and only 4.1% of the 24,387 funds in
Judging from the scant assets in bear market funds, however, few investors are onto this trick; the Rydex Inverse Nasdaq 100 Fund has only $189 million under management.
