Rydex|SGI rolled out Monday, July 12, four more alternative investment mutual funds, giving the Rockville, Maryland-based firm a total of 12 such mutual funds to go along with nine Rydex alternative-strategy ETFs.
The new funds are:
? Rydex|SGI Event Driven and Distressed Strategies Fund (RYDSX), which the company said in its announcement aims to exploit pricing inefficiencies that may occur due to corporate mergers, acquisitions, bankrupticies, or financial restructurings.
? Rydex|SGI Long Short Interest Rate Strategy Fund (RYBUX), which is meant to take advantage of short-term movements in U.S. Treasury prices.