Zeev's Turnips Patch-No Politics (ZEEV)

[Huluriasquias]

Langostino,

Rydex Velocity is not a managed fund. Its price tracks double the price variation of the Nasdaq 100 index.

From the prospect:
"The Velocity 100 Fund seeks to provide investment results that correspond to 200% of the daily performance of the NASDAQ 100 Index on a daily basis. The fund will do this by utilizing futures and options contracts on securities. "

The dismal performance you note is just the performance of the Nasdaq in that time span using twice the leverage. Probably its inverse fund (Venture) had exactly the opposite performance.

These Rydex Dynamic Funds are effectively tools to be able to "play" daily variations of the indices, and allow "pseudo-shorting" in IRA accounts where shorting is not permitted.

H.

PS: is Corina still afloat?