New York-based asset manager Rydex has unveiled five new equal-weight exchange-traded funds (ETFs) on NYSE Arca starting today, with an additional such fund set to begin trading on Jan. 12, 2011.
With these six new funds, Rydex will offer a total of 16 equal-weighted ETFs in addition to its other 18 ETFs, with combined assets under management of some $6 billion, according to the firm. Rydex manages about $21 billion in assets overall.
"Equal-weight ETFs offer a compelling alternative to traditio
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails