MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 22, 2008 Big Distributions from Two Rydex ETFs Draw WSJ's Notice In Monday's WSJ Fund Track column, Ian Salisbury turns his attention toward ETFs paying out capital gains distributions. Rydex Investments receives special mention in the article for the unusually large distribution on a couple of its funds. The Rydex Inverse 2X Select Energy ETF will pay out a gain amounting to 74 percent of its net asset value, while the Rydex Inverse 2X S&P Select Sector Technology ETF will pass out 51 percent. Rydex spokeswoman Lori Klash Winkler tells Salisbury that the distributions reflect the funds' holdings, such as futures and swaps, that inhibit managers' ability to reduce taxable gains through ETFs' design. Rydex gave investors a heads up about two weeks before the "ex-date," she adds. Others paying out distributions on some of their funds include Barclays Global Investors, which expects to pay out distributions on two funds, and State Street Global Advisors, which estimates distributions on three funds. Those distributions are mostly small, Salisbury notes. Printed from: MFWire.com/story.asp?s=20206 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |