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Rydex to Offer Dynamic, Risky Funds

If you're the type of speculator who likes to go long on the S&P 500 index in the morning and short it in the afternoon, Rydex has some new funds for you.

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Rydex Funds is expanding its menu for market timers, adding four funds that are as innovative as they are risky.

The Rockville, Md.-based fund family has never been shy about courting investors who try to synchronize their investments with the ebb and flow of the stock market. Now it's poised to launch its first Internet-based collection of leveraged index funds that will be priced more than once a day.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.