Rydex Investments has launched six ExpressShares ETFs, which trade on the American Stock Exchange and provide leveraged and inverse exposure to the S&P 500, S&P MidCap 400, and Russell 2000 indices. Rydex's leveraged ETFs seek to increase benchmark exposure by 200%, while Rydex's inverse ETFs look to move in the opposite direction of their specific benchmarks on a daily basis, enabling potential profits during market downturns.
"With the launch of the new ExpressShares ETFs, we're pleased to respond to client requests for leveraged and inverse strategies within a low-cost ETF format," said Tim Meyer, ETF business manager at Rydex Investments, in a statement.
