Rydex: Rising From The Ashes?
September 14, 2010 at 14:42 PM EDT
Given the impressive pace of expansion in the ETF space in recent years, SEC filings detailing ideas for new products have become commonplace. There are currently hundreds of ETFs at various stages of the registration process, including active ETFs, esoteric quant-based products, and just about anything an investor could dream up. But a recent filing came as a bit of a surprise, not so much because of the funds outlined, but because of the firm making the filing: Rydex, the Maryland-based firm perhaps best known for its currency products, recently filed details on 19 proposed ETFs [see Ten ETFs That Don't Exist, But Should]. Rydex has been a bit of an enigma in the ETF industry. Founded by the late Skip Viragh, Rydex was an early entrant to the ETF game, and a pioneer in the leveraged ETF and currency ETF spaces. Rydex also was among the first to offer [...] Click here to read the original article on ETFdb.com. Related Stories: Rydex To Shut Down Leveraged, Inverse ETFs ETF Exclusive: Guggenheim Partners Buys Rydex Russell Takes Step Towards ETF Outburst