Rydex Launches 6 Leveraged ETFs

November 7, 2007

SAN DIEGO (ETFguide.com) - Rydex Investments launched six exchange-traded funds (ETFs) today that provide leveraged and inverse exposure to the S&P 500, S&P MidCap 400 and the Russell 2000 stock market indexes.

Three of the funds are designed to increase in value when the indexes decrease and the other three track their benchmark. All of the funds are leveraged and aim to magnify their market exposure by 200 percent.

Inverse performing ETFs enable investors to potentially profit during a market downturn and to hedge portfolio risk.

"With the launch of the new ExpressShares ETFs, we're pleased to respond to client requests for leveraged and inverse strategies within a low-cost ETF format," stated Tim Meyer, ETF business manager at Rydex.  

The funds are listed on the American Stock Exchange (Amex) and have annual expense ratios of 0.70 percent.

Rydex entered the ETF marketplace in 2003 with the introduction of the Rydex S&P Equal Weight fund (Amex: RSP). The firm also manages a group of specialized mutual funds that utilize leverage and short strategies.

Rydex Investments is based in Rockville, MD and has more than 30 ETFs in its investment lineup.

Rydex ExpressShares ETFs

• Rydex 2x S&P 500 ETF (Amex: RSU)

• Rydex 2x S&P MidCap 400 ETF (Amex: RMM)

• Rydex 2x Russell 2000 ETF (Amex: RRY)

• Rydex Inverse 2x S&P 500 ETF (Amex: RSW)

• Rydex Inverse 2x S&P MidCap 400 ETF (Amex: RMS)

• Rydex Inverse 2x Russell 2000 ETF (Amex: RRZ)