Individuals familiar with Rydex told TheStreet.com Rydex could be sold to E*Trade Financial or Invesco. Followers of the company say an announcement of the sell is expected soon.
However, a spokeswoman at Rydex declined to comment further to TheStreet.com. Additional details about the deal, including financial advisers involved, could not be learned, the news report said.
Rydex manages more than 80 mutual funds and ETFs and boasts some $16 billion in assets under management.