Rydex Investments on Monday launched a managed futures mutual fund and announced it plans to offer more alternative investment offerings.
“We are committed at Rydex to bringing innovative and value-added investment strategies and platforms to the marketplace,” said Edward Egilinsky, Rydex’s managing director of alternative investments.
The benchmark for the Rydex Managed Futures Fund is the S&P DTI, half of which is tied to financial futures and half tied to commodity futures.
“The S&P DTI methodology is rules-based and relies on trends to capture profits,” Egilinsky said. “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.”