Rydex Investments says it will turn to JPMorgan Worldwide Securities for the role of depository for its six new currency-based exchange traded products.
Rydex Investments has launched six new CurrencyShares that will provide value data for global currencies, including the British Pound, Australian Dollar, Canadian Dollar, Mexican Peso, Swedish Krona and Swiss Franc.
JPMorgan currently serves as depository for another of Rydex’s currency-based exchange traded product Euro CurrencyShares, which was launched in December 2005.