Rydex Adds 10 VA Portfolios

Rydex Investments has added 10 variable trust funds for insurance company variable products. Six are standard S&P/Barra style box funds, two are inverse style box funds, and one leveraged and one inverse Dow 30 fund.

The funds are already available in Nationwide America’s marketFLEX variable annuity and Security Benefit’s AdvisorDesigns variable annuity. Both products are intended for use by advisers who are interested in market timing using Rydex funds meant for that purpose.

"These new funds, as well as the other Rydex funds, create investment options that attempt to resolve many of the issues facing the variable annuity investor," said Jane Mancini, Rydex EVP sales and marketing. "The introduction of three new inverse funds can give these investors hedging options not found in most other annuity products."

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Money Management Executive
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