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Friday, February 24, 2006

Rydex To Add Six ETFs

by: Armie Margaret Lee

Rydex Investments is expanding its menu of exchange-traded fund products. The Rockville, Maryland-based firm will roll out six ETFs next month.

The ETFs, all of which will be benchmarked against the S&P Pure Style Indices, will focus on either growth or value opportunities in large, mid and small cap stocks, according to a news release.

The launch, set for March 7 at the American Stock Exchange, will raise the number of Rydex’ ETF offerings to nine.

A spokesperson for the firm was not immediately available for further details. 

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