American Stock Exchange Launches Nine New ETFs From Rydex
November 07 2006 - 9:30AM
PR Newswire (US)
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- The American Stock
Exchange(R) (Amex(R)) today announced that it has launched trading
in nine new exchange traded funds (ETFs) from Rydex Investments
(Rydex). The new ETFs seek to provide investors with full sector
exposure while reducing single stock risk. "We are very excited to
welcome Rydex back to the Amex for its nine new ETF listings," said
Cliff Weber, Senior Vice President of the Amex ETF Marketplace.
"The Amex takes great pride in supporting all 17 of Rydex's
innovative ETF listings on the Exchange." The new Rydex ETFs
include: Rydex S&P Equal Weight Consumer Discretionary ETF
(AMEX:RCD) RCD's investment objective is to replicate as closely as
possible, before expenses, the performance of the S&P Equal
Weight Consumer Discretionary Index which consists of the common
stocks of the following industries: automobiles and components,
consumer durables, apparel, hotels, restaurants, leisure, media and
retailing. Rydex S&P Equal Weight Consumer Staples ETF
(AMEX:RHS) RHS's investment objective is to replicate as closely as
possible, before expenses, the performance of the S&P Equal
Weight Consumer Staples Index which consists of the common stocks
of the following industries: food and drug retailing, beverages,
food products, tobacco, household products and personal products.
Rydex S&P Equal Weight Energy ETF (AMEX:RYE) RYE's investment
objective is to replicate as closely as possible, before expenses,
the performance of the S&P Equal Weight Energy Index which
consists of the common stocks of the following industries: oil and
gas exploration, production, marketing, refining and/or
transportation and energy equipment and services industries. Rydex
S&P Equal Weight Financial ETF (AMEX:RYF) RYF's investment
objective is to replicate as closely as possible, before expenses,
the performance of the S&P Equal Weight Financial Index which
consists of the common stocks of the following industries: banks,
diversified financials, brokerage, asset management insurance and
real estate, including REITs. Rydex S&P Equal Weight Health
Care ETF (AMEX:RYH) RYH's investment objective is to replicate as
closely as possible, before expenses, the performance of the
S&P Equal Weight Health Care Index which consists of the common
stocks of the following industries: health care equipment and
supplies, health care providers and services, and biotechnology and
pharmaceuticals. Rydex S&P Equal Weight Industrial ETF
(AMEX:RGI) RGI's investment objective is to replicate as closely as
possible, before expenses, the performance of the S&P Equal
Weight Industrial Index which consists of the common stocks of the
following industries: aerospace and defense, building products,
construction and engineering, electrical equipment, conglomerates,
machinery, commercial services and supplies, air freight and
logistics, airlines, and marine, road and rail transportation
infrastructure. Rydex S&P Equal Weight Materials ETF (AMEX:RTM)
RTM's investment objective is to replicate as closely as possible,
before expenses, the performance of the S&P Equal Weight
Materials Index which consists of the common stocks of the
following industries: chemicals, construction materials, containers
and packaging, metals and mining, and paper and forest products.
Rydex S&P Equal Weight Technology ETF (AMEX:RYT) RYT's
investment objective is to replicate as closely as possible, before
expenses, the performance of the S&P Equal Weight Technology
Index which consists of the common stocks of the following
industries: internet equipment, computers and peripherals,
electronic equipment, office electronics and instruments,
semiconductor equipment and products, diversified telecommunication
services, and wireless telecommunication services. Rydex S&P
Equal Weight Utilities ETF (AMEX:RYU) RYU's investment objective is
to replicate as closely as possible, before expenses, the
performance of the S&P Equal Weight Utilities Index which
consists of the common stocks of the following industries: electric
utilities, gas utilities, multi-utilities and unregulated power and
water utilities, telecommunication service companies, including
fixed-line, cellular, wireless, high bandwidth and fiber-optic
cable networks. Bear Hunter Structured Products is the specialist
for RYE, RYF, RYH, RTM and RYU. Goldman Sachs Execution &
Clearing, LP is the specialist for RCD, RHS, RGI and RYT. The
American Stock Exchange(R) (Amex(R)) offers trading across a full
range of equities, options and exchange traded funds (ETFs),
including structured products and HOLDRS(SM). In addition to its
role as a national equities market, the Amex is the pioneer of the
ETF, responsible for bringing the first domestic product to market
in 1993. Leading the industry in ETF listings, the Amex lists 205
ETFs to date. The Amex is also one of the largest options exchanges
in the U.S., trading options on broad-based and sector indexes as
well as domestic and foreign stocks. For more information, please
visit http://www.amex.com DATASOURCE: The American Stock Exchange
CONTACT: Bari Trontz of American Stock Exchange, +1-212-306-8964,
Web site: http://www.amex.com/
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