SOURCE: Rydex|SGI

Rydex|SGI

December 20, 2010 13:29 ET

Rydex|SGI Hires Tony Davidow as Managing Director and Portfolio Strategist

NEW YORK, NY--(Marketwire - December 20, 2010) - Rydex|SGI is pleased to announce that Tony Davidow has joined the firm as managing director, portfolio strategist. Mr. Davidow has over 25 years of financial services industry experience. His primary focus will be to help build the ETF business as the firm intensifies its commitment to the marketplace.

"Rydex|SGI is well known for providing extensive resources, educational materials and product solutions to meet the diverse needs of our clients," said Jon Conner, managing director and portfolio strategist at Rydex|SGI. "Tony's extensive experience in the industry will provide financial advisors and their clients with a unique perspective on the markets and on key practice management strategies."

Prior to joining Rydex|SGI, Davidow was Head of Distribution at IndexIQ, a leading developer of index-based alternative investment solutions. Before that, he spent 15 years at Morgan Stanley, serving as Managing Director, Sales and Training for the Consulting Services Group. Mr. Davidow was responsible for building Morgan Stanley's Institutional Consulting business. Additionally, Mr. Davidow has held positions at Graystone Wealth Management, the American Stock Exchange, Kidder Peabody and a Family Office.

"Rydex|SGI is uniquely positioned to address the needs of advisors and investors by offering a comprehensive set of alternative and ETF solutions and a robust advisor education program," said Mr. Davidow. 

With more than $6 billion in exchange traded products, the firm is committed to continuing to expand its leadership in the space. The ETF offerings, with the exception of CurrencyShares® are known in the marketplace as RydexShares(SM), and include nine sector ETFs. Also, the Rydex S&P Equal Weight ETF (RSP), was launched in 2003 and has grown to approximately $2 billion in assets under management. 

"Rydex|SGI strives to meet the diverse asset allocation needs of its clients by offering a comprehensive line-up of traditional and alternative investment strategies," said Richard Goldman, CEO of Rydex|SGI. "Our recent launch of new equal weight ETFs reaffirms our commitment to providing innovative solutions across investment categories."

Mr. Davidow serves on the Board of Directors of the Investment Management Consultant's Association (IMCA). During his career, he has authored white papers on investment and industry trends and he frequently speaks at industry conferences.

About Rydex|SGI
Rydex manages approximately $23 billion in assets-including more than $6 billion in exchange traded product assets. Rydex offers institutional investors and financial intermediaries a broad spectrum of traditional and nontraditional investment options that span four distinct disciplines -- fundamental alpha (actively managed equity and fixed-income), alternative strategies, target beta strategies and ETFs. For more information call 800-820-0888.

ETFs may not be suitable for all investors. • Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Most investors will also incur customary brokerage commissions when buying or selling shares of an ETF. • Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. • ETF Shares may trade below their net asset value ("NAV"). The NAV of shares will fluctuate with changes in the market value of an ETF's holdings. In addition, there can be no assurance that an active trading market for shares will develop or be maintained. • Tracking error risk refers to the risk that the Advisor may not be able to cause the Fund's performance to match or correlate to that of the Fund's Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the Fund's performance to be less than you expect. • International ETFs investments in foreign instruments may be volatile due to the impact of diplomatic, political or economic developments on the country in question. Additionally, the fund's exposure to foreign currencies subjects the fund to the risk that those currencies will decline in value relative to the U.S. dollar.

The Rydex S&P Equal Weight ETF may not be suitable for all investors.• The Fund is subject to the risk that unanticipated early closings of securities exchanges and other financial markets may result in the Fund's inability to buy or sell securities or other financial instruments on that day. • In certain circumstances, it may be difficult for the Fund to purchase and sell particular investments within a reasonable time at a fair price. • Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the Fund may lose money. • Unlike many investment companies, the Fund is not actively "managed." This means that, based on market and economic conditions, the Fund's performance could be lower than other types of mutual funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline.• Tracking error risk refers to the risk that the Advisor may not be able to cause the Fund's performance to match or correlate to that of the Fund's Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the Fund's performance to be less than you expect. • Shares may trade below their net asset value ("NAV"). The NAV of shares will fluctuate with changes in the market value of the Fund's holdings. In addition, although the Fund's shares are currently listed on NYSE Arca, Inc. (the "Exchange"), there can be no assurance that an active trading market for shares will develop or be maintained. • The Fund is subject to the risk that large-capitalization stocks may underperform other segments of the equity market or the equity market as a whole. See Prospectus for more details.

Diversification neither assures a profit nor eliminates the risk of experiencing investment losses.

Read the fund's prospectus and summary prospectus (if available) carefully before investing. It contains the fund's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To download a prospectus and summary prospectus (if available) call 800.820.0888.

The funds are distributed by Rydex Distributors, LLC (RDL). Security Global Investors(SM) is the investment advisory arm of Security Benefit Corporation (Security Benefit). Security Global Investors consists of Security Global Investors, LLC, Security Investors, LLC and Rydex Investments. Rydex Investments is the primary business name for Rydex Advisors, LLC and Rydex Advisors II, LLC. Security Global Investors and RDL are affiliates and subsidiaries of Security Benefit, which is wholly owned by Guggenheim SBC Holdings, LLC, a special purpose entity managed by Guggenheim Partners, LLC, a diversified financial services firm with more than $100 billion in assets under supervision.

Contact Information