Rydex has launched two new high-yield bond bond funds. These funds give investors the opportunity to take advantage of falling and rising credit default rates and offer trading flexibility. The launch comes at a time when the future is uncertain for the company as they are in the middle of the sale process. - MFWire
Rydex Investments today introduced two funds designed to provide exposure to the high yield bond market. Rydex High Yield Strategy Fund and Rydex Inverse High Yield Strategy Fund aim to fill a void for financial advisors seeking trading flexibility, along with the ability to take advantage of falling and rising credit default rates.
“Although the traditional high yield fund arena is quite crowded, the availability of more liquid high yield offerings is limited,” said Kevin McGovern, mutual fund business manager at Rydex Investments. “We’re pleased to introduce these two products in direct response to requests from clients looking for additional options in the high yield market space.”
In addition to enhanced liquidity, Rydex offers exposure to the high yield bond market through its inverse fund option, Rydex Inverse High Yield Strategy Fund—which seeks to provide advisors with an opportunity to benefit from a rising credit default rate environment.
“Rydex Inverse High Yield Strategy Fund has the potential to appeal to a broader audience during market environments when credit default rates are anticipated to rise,” said McGovern. “The fund may also be useful for those who wish to hedge their long-term high yield fund positions without selling off these assets.”
With the introduction of Rydex High Yield Strategy Fund and Rydex Inverse High Yield Strategy Fund, Rydex extends its fixed-income offerings and complements its existing lineup of tradable mutual funds.
Class H Class C Class A
Ticker Ticker Ticker
Rydex High Yield Strategy Fund RYHGX RYHHX
Rydex Inverse High Yield Strategy Fund RYIHX RYIYX RYILX
About Rydex Investments
Rydex Investments continues to drive change in the financial industry by introducing investment products and services that challenge conventional thinking, empower investors and provide essential new options for uncertain market conditions. Rydex manages $15 billion in assets via more than 80 mutual funds and exchange traded products.
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