Products November 7, 2007

New Rydex ETFs Launch on American Stock Exchange

The American Stock Exchange on Wednesday announced it has launched trading in six new exchange-traded funds (ETFs) by Rydex Investments.
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The new Rydex ETFs are:

  • Rydex 2x S&P 500 ETF (RSU) – The fund’s current benchmark is 200% of the performance of the S&P 500 Index.
  • Rydex Inverse 2x S&P 500 ETF (RSW) – The fund’s current benchmark is 200% of the inverse (opposite) of the performance of the S&P 500 Index.
  • Rydex 2x S&P MidCap 400 ETF (RMM) – The fund’s current benchmark is 200% of the performance of the S&P MidCap 400 Index
  • Rydex Inverse 2x S&P MidCap 400 ETF (RMS) – The fund’s current benchmark is 200% of the inverse of the performance of the S&P MidCap 400 Index.
  • Rydex 2x Russell 2000 ETF (RRY) – The fund’s current benchmark is 200% of the performance of the Russell 2000 Index.
  • Rydex Inverse 2x Russell 2000 ETF (RRZ) – The fund’s current benchmark is 200% of the inverse of the performance of the Russell 2000 Index.

“These six new Rydex ETFs offer investors inverse and leveraged inverse exposure to major stock benchmarks,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace, in a press release.

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Goldman Sachs Execution & Clearing, LP is the specialist for all of the new Rydex ETFs.

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