Rydex Investments launched six new exchange-traded funds based on S&P/Citigroup Pure Style Indices. The stocks which make up the S&P are included based on their market capitalization. The pure style or equal weighted approach allows more exposure of mid and small cap companies, as stocks are chosen based on a growth or value score, not on its market cap.
The six new ETFs are:
- S&P 500 Pure Value (RPV)
- S&P 500 Pure Growth (RPG)
- S&P MidCap 400 Pure Value (RFV)
- S&P MidCap 400 Pure Growth (RFG)
- S&P SmallCap 600 Pure Value (RZV)
- S&P SmallCap Pure Growth (RZG)
For full disclosure, Tom Lydon serves on the Board of Rydex Investments.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.