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Rating:Rydex Aims to Take On ProFunds with New Leveraged ETFS Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 09, 2008

Rydex Aims to Take On ProFunds with New Leveraged ETFS

by: Erin Kello

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.  

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