Rydex debuts ExpressShares ETFs

Rydex Investments has launched six ExpressShares exchange traded funds on the American Stock Exchange today, bringing the size of its ETF family to 30.
NOV 07, 2007
By  Bloomberg
Rydex Investments has launched six ExpressShares exchange traded funds on the American Stock Exchange today, bringing the size of its ETF family to 30. The ExpressShares funds provide leveraged and inverse exposure to the Standard & Poor's 500, Standard & Poor's MidCap 400 and Russell 2000 indexes. The three leveraged ETFs — Rydex 2x S&P 500 ETF (RSU), Rydex 2x S&P MidCap 400 ETF (RMM) and Rydex 2x Russell 2000 ETF (RRY) — aim to magnify their benchmark exposure by 200%. The inverse ETFs — Rydex Inverse 2x S&P 500 ETF (RSW), Rydex Inverse 2x S&P MidCap 400 ETF (RMS) and Rydex Inverse 2x Russell 2000 ETF (RRZ) — seek to move in the opposite direction of their specific benchmarks by a magnified 200%. Each of the funds carry an expense ratio of 0.7%. The Rockville, Md.-based asset management firm manages approximately $16.8 billion in assets from mutual funds and exchange traded products.

Latest News

Osaic snaps up $13.5B CW Advisors
Osaic snaps up $13.5B CW Advisors

The deal for the Audax-backed RIA based in Boston gives Osaic a strategic foothold to attract more advisors and clients across the wealth spectrum.

Senate wants changes to Trump’s tax bill; here’s what’s expected
Senate wants changes to Trump’s tax bill; here’s what’s expected

‘Revenge tax’ on foreign investors could be scrapped in new version.

CFTC’s regulatory pioneer Bagley dies aged 96
CFTC’s regulatory pioneer Bagley dies aged 96

Veteran legislator helped set the standard for derivatives regulation.

Getting your head round AI when compliance is a big concern
Getting your head round AI when compliance is a big concern

As industry edges closer to the technology, an expert explains the options.

Advisor headcount down at Bank of America, Osaic and UBS so far in 2025, Wolfe Research analyst says
Advisor headcount down at Bank of America, Osaic and UBS so far in 2025, Wolfe Research analyst says

Counting advisor moves in and out of firms requires some art as well as science.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave