The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Rydex Looks to Add ETF Product Specialist Not Rated 2.3 Email Routing List Email & Route  Print Print
Friday, June 18, 2004

Rydex Looks to Add ETF Product Specialist

Reported by Theresa Sim

Rydex Investments may only have one ETF product, but that will soon change, especially with the help of a new ETF product specialist, said Tim Meyer, the fund firm's ETF product manager.

The fund firm is looking for a product specialist to help support traditional fund sales as well as specifically target advisors who specialize in stocks and non-traditional funds. Meyers added that their distribution efforts have been a "little bit difficult, being a one product shop."

The new hire will report to Meyer. Rydex's only ETF product specialist, Garrett Smith, focuses on internal distribution.

The firm currently has 10 ideas in what Meyer called the "opportunity stage." Rydex will develop only two or three of those ideas and begin the registration process early next quarter, said Meyer.

These products will likely be traditional, broad-based and linked to a well-branded index -- all factors which help in distributing new products. In the next year or so, the firm expects to consider more quantitative strategies once it establishes a broader product lineup and stronger reputation among intermediaries.

"We're going into it with a very slow approach, build staffing and as we build assets," Meyer added.

Rydex first dipped its toe in the ETF market with the opening of the S&P Equal Weight fund in April 2003. The fund had $358 million in assets as of June 16. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use