New York, NY (PRWEB) April 10, 2006
Rydex Investments, a leading financial service provider and originator of both mutual funds and ETF's, has released the mutual fund industry's first ever interactive portfolio calculator for financial advisors. Powered by the PortfolioScience RiskAPI system, the Rydex Real Returns Calculator allows financial advisors to simulate portfolio allocation changes, generating return and volatility measurements across several custom or pre-configured historical time periods.
"Our distributed, programmable interface made it possible for Rydex to focus on design and the specifics of their calculator, without having to develop and maintain all of the complex components needed to generate risk and return analysis for over 20 thousand mutual funds and ETF's," said Ittai Korin, founder and President of PortfolioScience.
The Real Returns Calculator at http://www.rydexfundsfp.com connects to the RiskAPI system on-the-fly, making multiple dynamic calculation requests as advisors run simulations on their portfolios. The calculator itself, meanwhile, resides entirely on Rydex's site, providing them with full control over their application.
"We are excited to see such a robust and successful proof of the value of our RiskAPI tool set," Korin said. "Rydex was able to truly innovate within the mutual fund industry and we are very pleased to have had a hand in making that possible."
PortfolioScience specializes in risk management technology for financial institutions and investment services. The company's products allow fund managers, traders, and investors alike to access powerful risk analysis capabilities on-demand. In addition, PortfolioScience creates turn-key risk management systems for institutional financial services, allowing them to provide their clients with portfolio risk analysis services virtually overnight. For additional information on Portfolio Science visit http://www.portfolioscience.com.
Rydex Investments continues to drive change in the financial industry by introducing investment products and services that challenge conventional thinking, empower investors and provide essential new options for uncertain market conditions. Rydex manages $14 billion in assets via more than 60 mutual funds, including three exchange-traded products. For more information, call 800.820.0888 or visit http://www.rydexinvestments.com.