RydexSGI is seeking to launch several new equal weight exchange-traded funds (ETF) in 2011, Investment News reports. The firm launched six new ETFs based on equally weighted indexes, including three broad-based international funds in December and January.

Rydex has 34 ETFs with $7.7 billion in assets, of which, 16 are based on equally weighted indexes. The portfolios provide the same weight to all stocks in an index, unlike capitalization-weighted indexes that are dominated by larger companies.

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