Miami Investment & Fraud Attorneys
305.372.9700
1 SE 3rd Ave # 1200
SunTrust International Center
Miami, Florida 33131

The Rydex Energy Services Fund Down 29.51% In 2014

The Rydex Energy Services Fund, which trades under the ticker symbols RYESX, RYVCX, RYVAX, and RYVIX, is a non-diversified fund that seeks capital appreciation. The fund seeks to invest at least 80% of its assets in small to mid-sized, domestic, energy service common stocks, indexes, options, and derivatives. Additionally, the fund may invest in American Depository Receipts (ADRs) in order to gain foreign exposure, as well as US government-based securities.

The fund has consistently had very poor performance. In 2014, the A-class shares, RYESX, were down 29.51% for the year, and the 5-year average annual return is negative 3.34%. In addition to poor performance, the fund has an annual turnover rate of 350% versus a category average of 83%.

As of November 30, 2014, the fund, managed by Ryan Harder and Michael Byrum, had 12.05% of its assets invested in Schlumberger NV (NYSE: SLB), a mega-cap company with a market capitalization of over $100 billion, amongst a portfolio of 46 companies.

If your financial advisor or stockbroker recommended that you invest in the Rydex Energy Services Fund, you may have options to recover your investment loss. If your advisor failed to fully disclose the risks of investing in the Rydex Energy Services Fund, then you may have a claim for misrepresentation. If your investment objective was to only invest in safe and stable investments, you may have a claim for unsuitability. If the Rydex Energy Services Fund made up a large portion of your portfolio, then you may have a claim for over-concentration and lack of diversification. If your advisor purchased this fund without your knowledge, you may have a claim for unauthorized trading. If your advisor purchased this fund on margin, you may have a claim for excessive use of margin and negligence.

The attorneys at Carlson & Associates, P.A., located in Miami, Florida, represent investors who have lost money due to the improper conduct of financial advisors. If you would like to have a free consultation, we can be reached at (305) 372-9700 to discuss your options.

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