Fund Openings, Closings, Manager Moves: Rydex Plans More Supercharged Index Funds

Rydex plans to roll out four new leveraged funds next month that will make long and short bets on the S&P 500 and Nasdaq 100 indices.

From the new funds' paperwork on file with the Securities and Exchange Commission, they look aggressive, expensive and perfect for fast-trading market-timers.

Called the "Dynamic Funds," two are for bulls and two are for bears. For bulls, there will be the Titan 500 and Velocity 100, which will invest primarily in futures and options contracts tied to the S&P 500 and Nasdaq 100, respectively. Each fund will try to double its index's gains. But keep in mind that the same will happen for losses. ...