Rydex Details Tickers of 19 Planned ETFs

November 29, 2010

Rydex|SGI, the Rockville, Md.-based ETF company known for its $1.7 billion Rydex S&P Equal Weight S&P 500 ETF (NYSEArca: RSP) as well as its CurrencyShares ETFs, filed updated papers with U.S. securities regulators detailing ticker symbols of the 19 equal-weighted equity ETFs focused on the U.S., global and emerging markets using mostly Russell indexes.

The inclusion of such details in filings with the Securities and Exchange Commission often suggests that the launch date is nearing. Officials at Rydex|SGI weren’t immediately available to comment on the status of the funds’ registration.

The planned funds span a wide spectrum of Russell indexes, including the broad market 3000, the small-cap 2000, the large-cap 1000 and the Russell Midcap Index as well as global indexes. The filing segments the investment universe into growth and value ETFs using different Russell indexes. Three of the ETFs are based on MSCI indexes. The equal weighting methodology means the smallest and largest companies in each fund receive equal weight in the portfolio.

The ETFs, their tickers and their annual expense ratios are:

  • Rydex Russell MidCap Equal Weight ETF (NYSEArca: EWRM), 0.55 percent
  • Rydex Russell 1000 Equal Weight ETF, (NYSEArca: EWRI), 0.55 percent
  • Rydex Russell 1000 Growth Equal Weight ETF, (NYSEArca: EWLG), 0.55 percent
  • Rydex Russell 1000 Value Equal Weight ETF, (NYSEArca: EWLV), 0.55 percent
  • Rydex Russell 2000 Growth Equal Weight ETF, (NYSEArca: EWSG), 0.55 percent
  • Rydex Russell 2000 Value Equal Weight ETF, (NYSEArca: EWSV), 0.55 percent
  • Rydex Russell 2000 Equal Weight ETF, (NYSEArca: EWRS), 0.55 percent
  • Rydex Russell 3000 Equal Weight ETF, (NYSEArca: EWRA), 0.55 percent
  • Rydex Russell 3000 Growth Equal Weight ETF, (NYSEArca: EWAG), 0.55 percent
  • Russell 3000 Value Equal Weight ETF, (NYSEArca: EWAV), 0.55 percent
  • Rydex Russell Global 1000 Equal Weight ETF, (NYSEArca: EWGI), 0.70 percent
  • Rydex Russell Global Ex-U.S. Large Cap Equal Weight ETF, (NYSEArca: EWGX), 0.70 percent
  • Rydex Russell Emerging Markets Large Cap Equal Weight ETF, (NYSEArca: EWRE), 0.90 percent
  • Rydex Russell Emerging EMEA Large Cap Equal Weight ETF, (NYSEArca: EWME), 0.90 percent
  • Rydex Russell BRIC Equal Weight ETF, (NYSEArca: EWBK), 0.90 percent
  • Rydex Russell Greater China Large Cap Equal Weight ETF, (NYSEArca: EWGC), 0.90 percent
  • Rydex MSCI EAFE Equal Weight ETF, (NYSEArca: EWEF), 0.70 percent
  • Rydex MSCI Emerging Markets Equal Weight ETF, (NYSEArca: EMEM), 0.90 percent
  • Rydex MSCI ACWI Equal Weight ETF, (NYSEArca: EWAC), 0.90 percent.

 

Rydex, which was acquired by Guggenheim Partners in February, was in the news this spring when it closed 12 of its 14 inverse and leveraged ETFs. The closure ceded leadership of the leverage and inverse ETF market to ProShares and Direxion after Rydex had been one of its leaders.

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