plans to launch a new set of leveraged ETFs on the AMEX
Wednesday that will compete with ProShares
' leveraged products. The WSJ
reports that the new funds from Rydex will track the S&P 500
index, the S&P MidCap 400
index, and the Russell 2000
indexes. Rydex plans to undercut ProShares on expense ratios with the new funds, charging 70 bps compared with ProShares' 95 bps.
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