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Guggenheim Funds launches high yield fixed income ETF suite


Guggenheim Funds Distributors has launched the Guggenheim BulletShares High Yield Corporate Bond ETFs, a suite of ETFs with designated years of maturity ranging from 2012 through 2015 that invest in high-yield corporate bonds with effective maturities in the years respective to each Fund.

“The introduction of these new funds extends our suite of BulletShares ETFs, the only ETFs available in the marketplace offering defined-maturity exposure to the corporate bond market,” says Steven A Baffico, senior managing director, Head of U.S. Retail for Guggenheim Funds Distributors, Inc. “Now, investors can easily gain exposure with surgical precision to either the high-yield or investment-grade sector of the market through the construction of customised portfolios tailored to their specific risk preferences and maturity profiles. Guggenheim BulletShares ETFs have an investment and cash-flow profile similar to individual bonds with the diversification and cost benefits inherent in an ETF. We believe this makes them an attractive alternative to bonds and we are pleased to be able provide fixed-income investors with these new investment solutions.”

The four new ETFs, which seek to replicate the performance of BulletShares USD High Yield Corporate Bond Indices developed by Accretive Asset Management LLC, provide investors with a convenient way to invest in the high-yield corporate bond market. The funds also enable advisors to build laddered portfolios in a cost-effective and diversified manner, fill gaps in existing bond portfolios, and address investors’ lifestyle needs by providing the potential for monthly income distributions and a final distribution at the ETF’s maturity that can be applied towards retirement, college or other expenses.

“We are excited to partner with Guggenheim Funds to extend the BulletShares methodology to the high-yield bond ETF market," says Matthew Patterson, head of investment strategy for Accretive Asset Management. “We believe that these products will make the high-yield sector more accessible to investors while minimizing concentration risk often associated with individual bond investing.”

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