More Equal-Weighted ETFs

Yesterday was the first trading day for the new Rydex exchange traded funds (ETFs).  The nine equal-weighted ETFs are based on the S&P Equal Weight Sector Indexes.  Stocks are divided equally, not by market cap, so no one stock dominates and smaller cap stocks have the same weight as larger cap stocks.

• Rydex S&P Equal Weight Consumer Discretionary (RCD)
• Rydex S&P Equal Weight Consumer Staples (RHS)
• Rydex S&P Equal Weight Energy (RYE)
• Rydex S&P Equal Weight Financials (RYF)
• Rydex S&P Equal Weight Health Care (RYH)
• Rydex S&P Equal Weight Industrials (RGI)
• Rydex S&P Equal Weight Materials (RTM)
• Rydex S&P Equal Weight Technology (RYT)
• Rydex S&P Equal Weight Utilities (RYU)

Read the disclosure, as Tom Lydon is a Board member of Rydex Funds.