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Monday, June 9, 2008 Rydex Aims to Take On ProFunds with New Leveraged ETFS Rydex is making a move to better compete with rival ProFunds. Dow Jones reports that the Rockville, MD-based company plans to launch eight new leveraged and leveraged inverse products this Thursday. The new funds will track energy, financials, health care and technology segments of the S&P index. Rydex's new funds will be in direct competition with ProFunds Proshares sector ETFs. Printed from: MFWire.com/story.asp?s=18470 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |