The offering from the Maryland-based asset manager includes Rydex Inverse Dynamic Russell 2000, S&P 500, Russell 2000 and Dynamic Russell 2000.
“As a group, these funds are designed to enable advisors and investors to fine-tune their portfolios with specific market exposure to potentially enhance returns and minimize risk,” said Kevin McGovern, vice president, business development at Rydex Investments, in a news release.
The new Rydex funds are benchmarked to the Russell 2000 and S&P 500 Indices and are meant to offer exposure ranging from -2 to +2 beta through the use of inverse, long and leveraged strategies and to provide financial professionals and investors with more portfolio diversification and hedging opportunities, according to the release.
The details of the four funds are as follows:
- Rydex Inverse Dynamic Russell 2000 uses a Beta, -2, with a Russell 2000 Index benchmark
- Rydex S&P 500 uses a beta 1, with a S&P 500 Index benchmark
- Rydex Russell 2000 uses a beta 1, with a Russell 2000 Index benchmark
- Rydex Dynamic Russell 2000 uses a beta 2, with a Russell 2000 Index
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