Investing: Inverse Mutual Funds Inverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on the following table, which shows the performance of three such funds as of September 30, 2021.+ Year-to-Date Loss (%) SHPIX (ProFunds Short Small Cap) 17 RYURX (Rydex Inverse S&P 500) RYCWX (Rydex Inverse Dow) 16 25 You invested a total of $8,000 in the three funds at the beginning of 2021, including an equal amount in RYURX and RYCWX. As of the end of September, your year-to-date loss from the first two funds amounted to $1,000. How much did you invest in each of the three funds? SHPIX RYURX $ $ RYCWX $
Investing: Inverse Mutual Funds Inverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on the following table, which shows the performance of three such funds as of September 30, 2021.+ Year-to-Date Loss (%) SHPIX (ProFunds Short Small Cap) 17 RYURX (Rydex Inverse S&P 500) RYCWX (Rydex Inverse Dow) 16 25 You invested a total of $8,000 in the three funds at the beginning of 2021, including an equal amount in RYURX and RYCWX. As of the end of September, your year-to-date loss from the first two funds amounted to $1,000. How much did you invest in each of the three funds? SHPIX RYURX $ $ RYCWX $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Investing: Inverse Mutual Funds Inverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on
the following table, which shows the performance of three such funds as of September 30, 2021.1
Year-to-Date
Loss (%)
SHPIX (ProFunds Short Small Cap)
17
RYURX (Rydex Inverse S&P 500)
RYCWX (Rydex Inverse Dow)
16
25
You invested a total of $8,000 in the three funds at the beginning of 2021, including an equal amount in RYURX and RYCWX. As of the end of September, your year-to-date loss from the first two funds amounted to $1,000. How much did you invest in each of the three funds?
SHPIX $
RYURX
$
RYCWX
$
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