The American Stock Exchange® (Amex®) today announced that it has launched trading in six new exchange traded funds (ETFs) by Rydex Investments (Rydex). These new products bring the total number of Amex-listed ETFs to 370.
“We are pleased to be working with Rydex as they expand their family of ETFs to provide the investors with new tools for their portfolios,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “These six new Rydex ETFs offer investors inverse and leveraged inverse exposure to major stock benchmarks.”
The new Rydex ETFs are:
Rydex 2x S&P 500 ETF (Amex: RSU) seeks to provide investment results that will match the performance of a specific benchmark, before fees and expenses, on a daily basis. The Fund's current benchmark is 200% of the performance of the S&P 500 Index.
Rydex Inverse 2x S&P 500 ETF (Amex: RSW) seeks to provide investment results that will match the performance of a specific benchmark, before fees and expenses, on a daily basis. 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 (Amex: RMM) seeks to provide investment results that will match the performance of a specific benchmark, before fees and expenses, on a daily basis. 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 (Amex: RMS) seeks to provide investment results that will match the performance of a specific benchmark, before fees and expenses, on a daily basis. 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 (Amex: RRY) seeks to provide investment results that will match the performance of a specific benchmark, before fees and expenses, on a daily basis. The Fund's current benchmark is 200% of the performance of the Russell 2000 Index.
Rydex Inverse 2x Russell 2000 ETF (Amex: RRZ) seeks to provide investment results that will match the performance of a specific benchmark, before fees and expenses, on a daily basis. The Fund's current benchmark is 200% of the inverse of the performance of the Russell 2000 Index.
Goldman Sachs Execution & Clearing, LP is the specialist for all of the new Rydex ETFs.
