American Stock Exchange Launches Six New Rydex ETFs
07 Noviembre 2007 - 9:48AM
PR Newswire (US)
New Funds Offer Inverse and Leveraged Inverse Exposure to Major
Stock Benchmarks NEW YORK, Nov. 7 /PRNewswire/ -- The American
Stock Exchange(R) (Amex(R)) today announced that it has launched
trading in six new exchange traded funds (ETFs) by Rydex
Investments (Rydex). These new products bring the total number of
Amex-listed ETFs to 370. "We are pleased to be working with Rydex
as they expand their family of ETFs to provide the investors with
new tools for their portfolios," said Scott Ebner, Senior Vice
President of the Amex ETF Marketplace. "These six new Rydex ETFs
offer investors inverse and leveraged inverse exposure to major
stock benchmarks." The new Rydex ETFs are: Rydex 2x S&P 500 ETF
(AMEX:RSU) seeks to provide investment results that will 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 S&P 500 Index. Rydex Inverse 2x S&P 500
ETF (AMEX:RSW) seeks to provide investment results that will 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 S&P 500 Index.
Rydex 2x S&P MidCap 400 ETF (AMEX:RMM) seeks to provide
investment results that will 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 S&P MidCap
400 Index Rydex Inverse 2x S&P MidCap 400 ETF (AMEX:RMS) seeks
to provide investment results that will 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 of the performance
of the S&P MidCap 400 Index. Rydex 2x Russell 2000 ETF
(AMEX:RRY) seeks to provide investment results that will 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 Russell 2000 Index. Rydex Inverse 2x Russell
2000 ETF (AMEX:RRZ) seeks to provide investment results that will
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 of the performance of the Russell 2000 Index. Goldman
Sachs Execution & Clearing, LP is the specialist for all of the
new Rydex ETFs. About the American Stock Exchange The American
Stock Exchange(R) (Amex(R)) offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 370 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. For more information, please visit
http://www.amex.com/ DATASOURCE: American Stock Exchange CONTACT:
Bari Trontz of American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
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