NEW YORK, June 15, 2017 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, announced today that Guggenheim S&P 500® Equal Weight ETF (RSP) and 16 of its popular BulletShares defined maturity ETFs are among 39 ETFs it has placed on the no-transaction-fee ETF platform, FundVest® ETF, launched today by BNY Mellon’s Pershing.
“Guggenheim’s participation in Pershing’s FundVest® ETF platform underscores our ongoing commitment to providing investors access to innovative solutions through our distinctive ETF product line,” said William H. Belden, Managing Director and Head of ETF Product Development at Guggenheim Investments.
“Equal weight strategies represent an alternative to traditional cap-weighted strategies, which have several potential drawbacks. Cap-weighting can lead to overconcentration in a small group of the index’s largest stocks. Additionally, cap-weighting can cause a bias towards companies that have experienced growth runs. This may hinder performance by overweighting overvalued stocks and, conversely, underweighting undervalued ones.”
The Guggenheim ETFs available on Pershing’s FundVest® ETF platform are:
- Guggenheim S&P 500® Equal Weight ETF (RSP)
- Guggenheim S&P 100® Equal Weight ETF (OEW)
- Guggenheim MSCI Emerging Markets Equal Country Weight ETF (EWEM)
- Guggenheim S&P MidCap 400® Equal Weight ETF (EWMC)
- Guggenheim S&P SmallCap 600® Equal Weight ETF (EWSC)
- Guggenheim S&P 500® Equal Weight Consumer Discretionary ETF (RCD)
- Guggenheim S&P 500® Equal Weight Consumer Staples ETF (RHS)
- Guggenheim S&P 500® Equal Weight Energy ETF (RYE)
- Guggenheim S&P 500® Equal Weight Financials ETF (RYF)
- Guggenheim S&P 500® Equal Weight Health Care ETF (RYH)
- Guggenheim S&P 500® Equal Weight Industrials ETF (RGI)
- Guggenheim S&P 500® Equal Weight Materials ETF (RTM)
- Guggenheim S&P 500® Equal Weight Real Estate ETF (EWRE)
- Guggenheim S&P 500® Equal Weight Technology ETF (RYT)
- Guggenheim S&P 500® Equal Weight Utilities ETF (RYU)
- Guggenheim S&P 500® Pure Growth ETF (RPG)
- Guggenheim S&P 500® Pure Value ETF (RPV)
- Guggenheim S&P MidCap 400® Pure Growth ETF (RFG)
- Guggenheim S&P MidCap 400® Pure Value ETF (RFV)
- Guggenheim BulletShares 2018 Corporate Bond ETF (BSCI)
- Guggenheim BulletShares 2019 Corporate Bond ETF (BSCJ)
- Guggenheim BulletShares 2020 Corporate Bond ETF (BSCK)
- Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL)
- Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM)
- Guggenheim BulletShares 2023 Corporate Bond ETF (BSCN)
- Guggenheim BulletShares 2024 Corporate Bond ETF (BSCO)
- Guggenheim BulletShares 2025 Corporate Bond ETF (BSCP)
- Guggenheim BulletShares 2026 Corporate Bond ETF (BSCQ)
- Guggenheim BulletShares 2018 High Yield Corporate Bond ETF (BSJI)
- Guggenheim BulletShares 2019 High Yield Corporate Bond ETF (BSJJ)
- Guggenheim BulletShares 2020 High Yield Corporate Bond ETF (BSJK)
- Guggenheim BulletShares 2021 High Yield Corporate Bond ETF (BSJL)
- Guggenheim BulletShares 2022 High Yield Corporate Bond ETF (BSJM)
- Guggenheim BulletShares 2023 High Yield Corporate Bond ETF (BSJN)
- Guggenheim BulletShares 2024 High Yield Corporate Bond ETF (BSJO)
- Guggenheim Enhanced Short Duration ETF (GSY)
- Guggenheim Total Return Bond ETF (GTO)
- Guggenheim S&P High Income Infrastructure RTF (GHII)
- Guggenheim Dow Jones Industrial Average Dividend ETF (DJD)
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with $217 billion1 in assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 275+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
1 Guggenheim Investments total asset figure is as of 03.31.2017 and includes $11.7bn of leverage for assets under management and $0.4bn for assets for which we provide administrative services. Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
About BNY Mellon’s Pershing
BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 6 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.
Please note that ETFs are subject to market fluctuation and the risks of their underlying investment. ETFs and even no transaction fee ETFs are subject to management fees and other expenses. Unlike mutual funds, ETFs are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the fund. Exchange-traded products (ETPs) are subject to market volatility and the risks of their underlying securities, which may include the risks associated with investing in smaller companies, foreign securities, commodities, and fixed income investments. Foreign securities are subject to interest rate, currency exchange rate, economic and political risks, all of which are magnified in emerging markets. ETPs that target a small universe of securities, such as a specific region or market sector, are generally subject to greater market volatility, as well as to the specific risks associated with that sector, region, or other focus. ETPs that use derivatives, leverage or complex investment strategies are subject to additional risks. The return of an index ETP is usually different from that of the index it tracks because of fees, expenses, and tracking error. An ETP may trade at a premium or discount to its NAV (or indicative value in the case of exchange-traded notes). The degree of liquidity can vary significantly from one ETP to another and losses may be magnified if no liquid market exists for the ETP’s shares when attempting to sell them. Each ETP has a unique risk profile, detailed in its prospectus, offering circular or similar material, which should be considered carefully when making investment decisions.
Pershing may receive compensation from third parties or their affiliates for marketing, educational training programs, back office accounting, the development and maintenance of technology platforms and reporting systems, and certain other services (Services) related to its securities trading platform (the Platform). Pershing is entitled to receive payments in connection with such Services. The payment for such Services may create incentives for Pershing to encourage customers to transact through the Platform and as a result Pershing may make decisions about which investment options it makes available or the level of Services it provides to its customers based on the payments or other financial incentives it is eligible to receive. Additional information about the sources, amounts, and terms of compensation is in each fund’s prospectus and related documents.
Before investing in ETFs you should understand Pershing may receive compensation from third parties or their affiliates for marketing, educational training programs, back office accounting, the development and maintenance of technology platforms and reporting systems, and certain other services (Services) related to its securities trading platform (the Platform). Pershing is entitled to receive payments in connection with such Services. The payment for such Services may create incentives for Pershing to encourage customers to transact through the Platform and as a result Pershing may make decisions about which investment options it makes available or the level of Services it provides to its customers based on the payments or other financial incentives it is eligible to receive. Additional information about the sources, amounts, and terms of compensation is in each fund’s prospectus and related documents.
©2017 Pershing LLC. Pershing LLC, member FINRA, NYSE, SIPC, is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). Trademark(s) belong to their respective owners.
Risk Considerations There can be no assurance that the funds will achieve their investment objectives. Investors should consider the following risk factors and special considerations associated with investing in an ETF, which may cause you to lose money, including the entire principal amount that you invest. •Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Most investors will also incur customary brokerage commissions when buying or selling shares of an ETF. •Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. •ETF shares may trade below their net asset value (“NAV”). The NAV of shares will fluctuate with changes in the market value of an ETF’s holdings. In addition, there can be no assurance that an active trading market for shares will develop or be maintained. •Tracking error risk refers to the risk that the advisor may not be able to cause the ETF’s performance to match or correlate to that of the ETF’s underlying index, either on a daily or aggregate basis. Tracking error risk may cause the ETF’s performance to be less than you expect. Please refer to the individual ETF prospectus for a more detailed discussion of the fund-specific risks and considerations.
Read a fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) at www.guggenheiminvestments.com or call 800.820.0888.