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Rydex: Rising From The Ashes?

Michael Johnston — Tue, 14 Sep 2010 18:42:21 +0000

Given the impressive pace of expansion in the ETF space in recent years, SEC filings detailing ideas for new products have become commonplace. There are currently hundreds of ETFs at various stages of the registration process, including active ETFs, esoteric quant-based products, and just about anything an investor could dream up. But a recent filing came as a bit of a surprise, not so much because of the funds outlined, but because of the firm making the filing: Rydex, the Maryland-based firm perhaps best known for its currency products, recently filed details on 19 proposed ETFs [see Ten ETFs That Don't Exist, But Should]. Rydex has been a bit of an enigma in the ETF industry. Founded by the late Skip Viragh, Rydex was an early entrant to the ETF game, and a pioneer in the leveraged ETF and currency ETF spaces. Rydex also was among the first to offer [...]

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Rydex To Shut Down Leveraged, Inverse ETFs

Michael Johnston — Mon, 26 Apr 2010 20:51:37 +0000

Leveraged and inverse ETFs have a surge in popularity in recent years, as risk hungry investors embraced these vehicles as a means of achieving a number of different investment goals. But Rydex, one of the earliest ETF issuers to offer these products, has largely missed out on this boom. The Rockville, Maryland-based firm announced last week that it will close the doors on 12 of its leveraged and inverse ETFs, eliminating all but two of the products in its ETF family. Friday, May 21 will be the last day of trading for the following ETFs: Rydex 2x Russell 2000 ETF (RRY) Rydex 2x S&P MidCap 400 ETF (RMM) Rydex Inverse 2x Russell 2000 ETF (RRZ) Rydex Inverse 2x S&P MidCap 400 ETF (RMS) Rydex 2x S&P Select Sector Energy ETF (REA) Rydex 2x S&P Select Sector Financial ETF (RFL) Rydex 2x S&P Select Sector Health Care ETF (RHM) Rydex 2x [...]

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Why Everything You’ve Heard About Leveraged ETFs Is Wrong

Michael Johnston — Tue, 04 Aug 2009 14:52:15 +0000

Leveraged ETFs have been in the news a great deal lately, although the majority of the coverage has been less than flattering. Over the last week, several prominent financial institutions have ceased purchasing leveraged ETFs on behalf of their clients, citing the incompatibility of the short-term nature of these products with their long-term views on investing. Moreover, the returns that these products generate in certain markets have been criticized as misleading and even dishonest, implying that leveraged ETFs are some sort of a scam designed to rip off hard-working, middle class investors. Enough is enough. It’s time to dispel a lot of the myths surrounding leveraged ETFs that have been circulating in recent weeks. Like almost any investment, leveraged ETFs can be used inappropriately. But if used appropriately (and there are a lot of investors who are doing so), these products can be extremely powerful and efficient investment vehicles. Divisive [...]

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ETF Database » RSU

Rydex: Rising From The Ashes?

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Rydex To Shut Down Leveraged, Inverse ETFs

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Why Everything You’ve Heard About Leveraged ETFs Is Wrong

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