The State of Rydex ETFs | ETF Trends

Rydex|SGI has been an innovator in the exchange traded fund (ETF) industry, launching the first alternatively-weighted ETF as well as a popular line of currency-focused funds that came out in December 2005. What’s next for the provider?

As the managing director and portfolio strategist for Rydex|SGI’s asset allocation, Carl Resnick gives guidance for product management, new business development and product-line profitability.

Seeking Alpha recently asked him about the state of Rydex and the providers future product plans.

We have seen the most demand for our CurrencyShares suite, which offered investors first-time access to currencies via an exchange traded product structure. We believe CurrencyShares have been successful based on the fact that they offer pure-play exposure to currency as an asset class. The pure-play exposure comes from us being able to hold the physical currency within a Grantor Trust structure.

The Rydex leveraged and inverse ETFs … have not attracted the marketplace interest that we would have expected. “First to market” is a tremendous advantage when it comes to ETFs.

To read more of Resnick’s interview, visit the story on Seeking Alpha.

Read the disclaimer, as Tom Lydon is a board member of Rydex|SGI.

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.