Rydex’s flagship exchange traded funds (ETFs) are officially not issuing any capital gains this year. Rydex Equal Weight ETF (RSP)  and Rydex Russell Top 50 ETF (XLG) have reduced their investor’s possibility of any exposure to capital gains taxes. Both funds have hit new price highs and seen record asset flows in 2006. According to the press release this is the fourth straight year that RSP did not issue capital gains and XLG is going on its second year.

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.