Fundsters interested in the inverse and leveraged index mutual fund world, especially on the fixed income side, may want to take a look at today's Wall Street Journal
. In the "Investing in Funds" special report, Carolyn Geer wonders
whether inverse (and leveraged inverse) index fixed income funds are appropriate for the average investor, given that the funds compound daily or monthly (meaning that their long-term performance may not look as expected).
The WSJ mentions two such funds specifically: the ProShares UltraShort 20+ Year Treasury
ETF [see profile
] and Rydex-SGI Inverse Government Long Bond Strategy
]. Morningstar analyst Timothy Strauts
and attorney Alan Sparer
(who represents two investors in the Rydex fund who are suing the fund firm) are mentioned in the article.
Neil Anderson, Managing Editor
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