RYOCX: King of Index Funds Message Board

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Strategies & Market Trends : RYOCX: King of Index Funds

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To: pass pass who wrote ()	1/13/1999 7:50:00 AM
From: JB2	of 21

Beware of the king: Wouldn't the king of index funds have to be tied to the king of indexes? I believe only four indexes beat the S&P 500 in 1998: Wilshire Large Growth up 42.2 %, Nasdaq Composite Index up 39.63%, S&P 100 up 33.21%, and Wilshire Cap 750 up 29.05%. The Rydex product (ryocx) is not strictly a pure index fund, I think it is known as an enhanced index fund---it aims to beat the index it loosely follows by using derivatives and futures contracts. If you have the stomach for this sort of mgmt. there is also Profund's ultra OTC fund (wwww.profunds.com) which was up over 125% last year. Much of the appeal in indexing for me is in the LOW management intensive factor. I just want the fund to buy the stocks in the index and sit on them; no muss, no fuss. The enhanced index funds take the exact opposite tack. I just recently found out all this while researching and looking for a fund based on the abovementioned Nasdaq composite index. I think 1999 is going to be another go-go year for the Nasdaq, and since it outdid the S&P last year too, I would rather buy based on that index than the ubiquitous S&P. Only so far I can't find a simple index fund tied to the Nasdaq. Is there a broker in the house?

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