Guggenheim Investments, the investment management division of Guggenheim Partners, has launched two new BulletShares ETFs – Guggenheim BulletShares 2021 Corporate Bond ETF and Guggenheim BulletShares 2022 Corporate Bond ETF.
BulletShares were the first defined‐maturity corporate bond ETFs available on the market. In 2012, total assets in the suite increased 133 per cent, and year‐to‐date assets are up USD967m – a 56 per cent increase (as of 30 June 2013).
The Guggenheim BulletShares line‐up consists of 16 fixedincome defined‐maturity corporate bond and high yield corporate bond ETFs. Unlike other fixed‐income ETFs, BulletShares are designed to mature in their target year—providing investors with specific target maturities to ladder portfolios or to manage within specific investment time frames. BulletShares track indices of approximately 70 to 190 corporate bonds with effective maturities in the same calendar year as each fund’s maturity, with maturity dates ranging from 2013 to 2022 at this time.
“Defined‐maturity continues to be a proven investment strategy for investors looking to save for events like retirement amid a volatile economic environment,” says William Belden (pictured), managing director, product development at Guggenheim Investments. “We pioneered this segment of the market with the first BulletShares in 2011, and are excited to grow our existing line‐up with two new corporate bond ETFs.”
Guggenheim Investments matured three BulletShares ETFs in 2011 and 2012. Overall, Guggenheim Investments total ETP assets under management are approximately USD15bn as of 30 June 2013.
