Amidex Funds Inc., a small Pennsylvania fund family, is preparing a personal security and national defense fund in an attempt to benefit from the spike in interest about defense and security products.

The Amidex Security and Defense Fund, which was sent to the Securities and Exchange Commission for review on Oct. 30, would be the second sector fund to invest in national defense and the first to invest in personal security companies. The portfolio, which is expected to be launched early next year, would be sold through 75 to 80 broker/dealers nationally, including large banking companies such as Wachovia Corp. and Deutsche Bank.

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