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Rydex Launches Equal Weight ETF

Rydex has rolled out an exchange-traded fund.

Rydex has rolled out an exchange-traded fund (ETF), ETF Daily News reports. The Rydex S&P SmallCap 600 Equal Weight ETF will invest around 80% of its net assets in the equity securities included in its underlying index

The portfolio will track the performance of the S&P SmallCap 600 Equal Weight Index. The index includes U.S. common equities listed on the New York Stock Exchange and NASDAQ and may also include equity interests in real estate investment trusts and business development companies.

Click here for the story from ETF Daily News.

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