|
Hi Mark - It is pegged to the index for each
fund, so for example if a particular fund has
an Index of Russell 2000 and Beta of 2, then the goal of the
fund is to achieve twice the return of the RUT (but you will also have
twice the losses on bad days ). As D pointed out, they seek to achieve
this on a daily basis, and with compounded leverage the results
aren't necessarily what you would expect over time. From reading a few
different sources, it seems the consensus is that over time, returns are better
than the goal in trending markets and less than the goal rangebound markets -
the more days in the same direction, the higher/lower the
returns. But I should stress again that I have only read about these
- I am only learning about them now and have never actually traded
them (yet).
Re your previous post, do you mean that if you
deposit your money directly with one of these fund companies, then there are no
commissions AND no fees, *everything* is free? How does the company make their
money?
Steve
----- Original Message -----
Sent: Thursday, May 25, 2006 12:49
PM
Subject: RE: [amibroker]
Leveraged/Inverse Funds
Also
On you chart you have
the Beta for these
What are you
comparing it to? S&P ? or something
else
Mark
From:
amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx]
On Behalf Of Steve
Dugas
Sent: Thursday, May 25,
2006 10:44 AM
To: Yahoo -
AmiBroker
Subject:
[amibroker] Leveraged/Inverse Funds
If anyone is interested in
leveraged/inverse funds, here is a spreadsheet I put together yesterday with
some useful info for comparing
Rydex/Profunds/Direxion funds. Performance is not included because I am
looking at them with an eye toward actively trading them. Info comes from most
recent fact sheets/prospectus/annual reports. Sort columns in any order
to compare them, but select all columns first so they sort in sync ( unless
you know an easier way and then please let *me* know... 8 -
)
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
SPONSORED LINKS
YAHOO! GROUPS LINKS
|