Rydex Debuts Equal-Weighted All-Country ETF

Rydex, the largest issuer of equal-weight ETFs in the U.S., introduced the Rydex MSCI ACWI Equal Weight ETF yesterday under the ticker "EWAC." EWAC offers exposure to 45 countries - 24 developed markets and 21 emerging markets. At 24%, the U.S. is the biggest country weight while Japan is next at 14%. The new portfolio includes about 587 U.S.-based companies and a total of 2,409 names, according to Barron's. Top holdings include Apple AAPL and Exxon Mobil XOM.