Rydex Launches 8 ETF’s (REA, REC, RFL, RFN, RHM, RHO, RTG, RTW)

247wallst — Fri, 13 Jun 2008 11:23:47 +0000

RYDEX INVESTMENTS has now launched eight new ETF’s on the American Stock Exchange this week. These eight new RYDEX ETF products will offer investors inverse and leveraged inverse exposure to the energy, financial, health care and technology sectors.

A listing of these is as follows:

Rydex 2x S&P Select Sector Energy ETF (Amex: REA) seeks to track a benchmark of 200% of the performance of the Energy Select Sector Index.
Rydex Inverse 2x S&P Select Sector Energy ETF (Amex: REC) seeks to track a benchmark of 200% of the inverse performance of the Energy Select Sector Index.
Rydex 2x S&P Select Sector Financial ETF (Amex: RFL) seeks to track a benchmark of 200% of the performance of the Financial Select Sector Index.
Rydex Inverse 2x S&P Select Sector Financial ETF (Amex: RFN) seeks to track a benchmark of 200% of the inverse performance of the Financial Select Sector Index.
Rydex 2x S&P Select Sector Health Care ETF (Amex: RHM) seeks to track a benchmark of 200% of the performance of the Health Care Select Sector Index.
Rydex Inverse 2x S&P Select Sector Health Care ETF (Amex: RHO) seeks to to track a benchmark of 200% of the inverse performance of the Health Care Select Sector Index.
Rydex 2x S&P Select Sector Technology ETF (Amex: RTG) seeks to track a benchmark of 200% of the performance of the Technology Select Sector Index.
Rydex Inverse 2x S&P Select Sector Technology ETF (Amex: RTW) seeks to track a benchmark of 200% of the inverse performance of the Technology Select Sector Index.

Goldman Sachs Execution & Clearing, LP will act as the specialist for REA, REC, RFL and RFN; and Kellogg Capital Group, LLC will act as the specialist for RHM, RHO, RTG and RTW.

Jon C. Ogg
June 13, 2008

24/7 Wall St. » RFL

Rydex Launches 8 ETF’s (REA, REC, RFL, RFN, RHM, RHO, RTG, RTW)