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.
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.