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Tuesday, August 3, 2004 Will a Rydex-Merrill Combo Result in a High IQ? Merrill Lynch chose Rydex Investments as manager for a new closed-end fund called the IQ Rising Rate fund, Reuters reported on Tuesday. The closed-end bond fund will seek to appreciate as interest rates increase. Reuters reported that Merrill Lynch "reached out" to Rydex, said Mike Byrum, director of investments for Rydex. Printed from: MFWire.com/story.asp?s=7747 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |