American Stock Exchange Launches Trading Of Rydex S&P Equal Weight Exchange Traded Fund - New Equally Weighted S&P ETF Offers Investors New Way To Invest In The Stocks Of The S&P 500

The American Stock Exchange (Amex) today announced that it launched trading of the Rydex S&P Equal Weight ETF (AMEX: RSP), a new exchange traded fund (ETF) based on the S&P Equal Weight Index, an index co-developed by Rydex Global Advisors and Standard & Poor's earlier this year. "The Amex is extremely pleased to join Rydex and Standard & Poor's in their joint venture to bring a new and innovative ETF to the marketplace," said Cliff Weber, senior vice president of Amex ETF Marketplace. "Since the Amex launched the very first ETF in the United States, we have continued to bring index investing opportunities to investors and expand the Amex offering to 125 Amex-listed ETFs with over $100 billion in assets. The Rydex S&P Equal Weight ETF is a welcomed addition to the Amex family of innovative products, and we thank our partners Rydex and Standard & Poor's for choosing the Amex."

The Rydex S&P Equal Weight ETF gives investors a new way to invest in the stocks of the S&P 500. The Rydex S&P Equal Weight ETF is comprised of the same 500 stocks that make up the S&P 500. Whereas the S&P 500 is capitalization weighted and larger stocks in the index often comprise a larger percentage of the index, the Rydex S&P Equal Weight ETF is equally weighted and all stocks comprise an equal percentage of the index. The Rydex S&P Equal Weight ETF rebalances quarterly to retain its equal weight status.

The Amex pioneered the concept of ETFs in the U.S. in 1993 with the introduction of trading in SPDRs - Standard & Poor's Depositary Receipts (AMEX: SPY), an exchange-traded unit investment trust based on the Standard & Poor's 500 Index.

ETFs are akin to index funds that trade like a single stock. They are liquid and easy to use, and offer diversification, market tracking, low expenses^* and tax efficiency. ETFs offer a flexible mechanism to get needed exposure, while at the same time are more transparent and provide greater control than traditional mutual funds.

Bear Hunter Structured Products LLC is the Amex specialist for the Rydex S&P Equal Weight ETF and Bank of New York is the administrator.

^*Usual brokerage commission applies.