MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 12, 2005 Rydex Plans To Launch More ETFs Rydex Investments, which launched an exchange-traded product tied to the euro on the New York Stock Exchange Monday, plans to roll out more ETF offerings in the coming year, a company official told the MFWire. "We will have additional traditional ETFs going into registration before the end of the year," Tim Meyer, ETF product manager at Rydex Investments, said in an interview. He declined, however, to provide more details. The first currency-based ETF in the market, the Euro Currency Trust trades under the ticker symbol "FXE" and is priced at 100 euro per share plus accrued interest. The Bank of New York is the trustee of the fund, while the London branch of JP Morgan Chase Bank is the depository. Rockville, Maryland-based Rydex oversees $14 billion in assets through 54 mutual funds, including three ETFs. Printed from: MFWire.com/story.asp?s=10977 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |