Category Archives: Investment Products
The ProFunds UltraLatin America Fund Was Down 37.33% In 2014
The ProFunds UltraLatin America Fund, which trades under the ticker symbols UBPSX and UBPIX, is a non-diversified fund that seeks to match 200% of the daily performance of the BNY Mellon Latin America 35 ADR Index. In other words, the fund attempts to move twice as much as the index in the same direction…. Read More »
The Rydex Basic Commodities Fund Down Over 33% In 2014
The Rydex Basic Commodities Fund, which trades under the ticker symbols RYMEX, RYMBX, and RYMJX, is a non-diversified fund that seeks to match the daily performance of the S&P GSCI Commodity Index. GSCI stands for Goldman Sachs Commodity Index. The fund seeks to invest its assets in commodity-related securities, such as commodity pools, swaps,… Read More »
Rydex Dynamic Inverse Nasdaq-100 2x Strategy Fund Down 34.35% In 2014
The Rydex Dynamic Inverse Nasdaq-100 2x Strategy Fund, which trades under the ticker symbols RYVTX, RYVNX, and RYCDX, is a non-diversified fund that seeks to match 200% of the inverse daily performance of the Nasdaq 100 Market Index. In other words, the fund attempts to move twice as much as the index, but in… Read More »
MainStay Cushing Royalty Energy Income Fund Down 40% In 2014
The MainStay Cushing Royalty Energy Income Fund, which trades under the ticker symbols CURAX, CURNX, CURCX, and CURZX, offered by New York Life Investment Management LLC, is a non-diversified fund that seeks to produce income and capital appreciation by investing in North American oil and natural gas companies. The fund seeks to invest at… Read More »
The Nysa Fund (NSYAX) Was Down 42.40% In 2014
The Nysa Fund (NYSAX), offered by Pinnacle Advisors LLC, is a non-diversified fund that seeks long-term capital growth by primarily investing in publicly traded common stocks of companies. The fund may invest up to 15% of its assets in debt securities that are below investment grade, junk bonds, or unrated bonds. In 2014, NYSAX was down… Read More »
The Voya Russia Fund Down Over 40% In 2014
The Voya Russia Fund, formerly the ING Russia Fund, which trades under the ticker symbols LETRX, IIRFX, and IWRFX, invests the fund’s assets in Russian companies. The fund seeks to invest at least 80% of its assets in stocks of Russian companies and the other 20% of its assets in debt securities issued by… Read More »
The Ramius Strategic Volatility Fund Down Over 40% In 2014
The Ramius Strategic Volatility Fund, which trades under the ticker symbols RVOAX and RVOIX, is a non-diversified fund that seeks positive returns during extended bear markets. The fund seeks to invest in a portfolio of actively managed swap agreements strategically tied to “dynamic long volatility” indexes and “persistent long volatility” indexes. In 2014, the… Read More »
Everest Capital Global Fund Closes After Massive Swiss Franc Trading Loss
On January 15, 2015, the Swiss National Bank (SNB) decided to remove a three-year cap, or peg, on its currency versus the Euro. In September 2011, the SNB set a minimum exchange rate of 1.20 Francs per Euro, thereby capping the Swiss Franc’s appreciation against the Euro, and other world currencies. The SNB claimed… Read More »
