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Rating:Will a Rydex-Merrill Combo Result in a High IQ? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 3, 2004

Will a Rydex-Merrill Combo Result in a High IQ?

by: Theresa Sim

Merrill Lynch chose Rydex Investments as manager for a new closed-end fund called the IQ Rising Rate fund, Reuters reported on Tuesday.

The closed-end bond fund will seek to appreciate as interest rates increase.

Reuters reported that Merrill Lynch "reached out" to Rydex, said Mike Byrum, director of investments for Rydex. 

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