Rydex Launches Equal Weight ACWI ETF (EWAC)

Rydex, building off the launch of five equal-weight ETFs last month, announced today the debut of the MSCI All Country World Equal Weight ETF (EWAC). The new fund will seek to replicate the MSCI All Country World Equal Weighted Index, providing an alternative for investors seeking a one stop shop for global equity exposure. The underlying index is a free float-adjusted equal weighted benchmark that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI Index consists of 45 country indexes comprising 24 developed and 21 emerging market country indexes. Rydex launched emerging markets (EWEM) and EAFE (EWEF) equal weight ETFs in December, along with equal-weighted versions of the Russell 1000 and Russell 2000 and an equal-weighted midcap ETF. The company’s equal-weighted S&P 500 ETF (RSP) turned in a stellar performance in 2010, beating the cap-weighted SPY by close to 600 basis points [...] Click here to read the original article on ETFdb.com. Related Posts: For ETF Investors, The Details Matter Free ETF Trading: Comparing All The Options Ten Commandments Of ETF Investing Six Reasons To Consider Dumping SPY Are Your Cap-Weighted ETFs Leaders Or Laggards?