The American Stock Exchange and Rydex Investments launched eight new exchange traded funds yesterday.
The new ETFs provide investors with leveraged and leveraged inverse exposure to the energy, financial, health care and technology sectors, using some of the most widely followed sector indexes in the U.S.
The new Rydex ETFs are:
Rydex 2x S&P Select Sector Energy ETF (Amex: REA) seeks investment results that 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 Energy Select Sector Index
Rydex Inverse 2x S&P Select Sector Energy ETF (Amex: REC) seeks to provide investment results that 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 Energy Select Sector Index.
Rydex 2x S&P Select Sector Financial ETF (Amex: RFL) seeks to provide investment results that 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 Financial Select Sector Index
Rydex Inverse 2x S&P Select Sector Financial ETF (Amex: RFN) seeks to provide investment results that 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 Financial Select Sector Index.
Rydex 2x S&P Select Sector Health Care ETF (Amex: RHM) seeks to provide investment results that 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 Health Care Select Sector Index.
Rydex Inverse 2x S&P Select Sector Health Care ETF (Amex: RHO) seeks to provide investment results that 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 Health Care Select Sector Index.
Rydex 2x S&P Select Sector Technology ETF (Amex: RTG) seeks to provide investment results that 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 Technology Select Sector Index.
Rydex Inverse 2x S&P Select Sector Technology ETF (Amex: RTW) seeks to provide investment results that 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 Technology Select Sector Index.