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Guggenheim launches actively managed fixed-income ETFs


Guggenheim Funds Distributors has launched two new actively managed exchange-traded funds (ETFs) – the Guggenheim Enhanced Core Bond ETF (NYSE Arca: GIY) and the Guggenheim Ultra-Short Bond ETF (NYSE Arca: GSY). The two funds seek to offer the benefits of active management and a cost-effective way to access today’s fixed income marketplace.

Guggenheim Enhanced Core Bond ETF* is an actively managed ETF that seeks total return comprised of income and capital appreciation. The fund will normally invest at least 80% of its net assets in fixed income securities and attempts to outperform the Barclays Capital U.S. Aggregate Bond index. The Investment Adviser utilises a quantitative strategy which attempts to identify relative mispricing among the instruments of a given asset class and estimate future returns which may arise from the eventual correction of the relative mispricing.

Guggenheim Enhanced Ultra-Short Bond ETF** is an actively managed ETF that seeks maximum income, consistent with preservation of capital and daily liquidity. The Fund will normally invest at least 80% of its net assets in fixed income securities. The Fund uses a low duration strategy to seek to outperform the 1-3 Month Treasury Bill Index in addition to providing returns in excess of those available in U.S. Treasury bills, government repurchase agreements, and money market funds. The Fund is not a money market fund and thus does not seek to maintain a stable net asset value of USD1.00 per share.

“We’re continually working to deliver advisors intelligent new products to sharpen their investment toolkits,” says Steve Baffico (pictured), Senior Managing Director, Guggenheim Funds Distributors, Inc. “These new actively managed funds combine the benefits of active management—including a rigorous, risk-managed security selection process and the potential to outperform a benchmark index — with the multi-faceted advantages of the ETF structure.”

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