The Rydex S&P Equal Weight ETF, which is based on the Standard & Poor’s 500 equal-weight index, is to become available April 30.

The equal-weight index was developed by Standard & Poor’s in cooperation with Rydex in January. It is intended to give people an opportunity to invest equally in the 500 leading U.S. companies making up the S&P 500.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.