Guggenheim Investments is changing the underlying indices for the Guggenheim Spin-Off ETF (CSD) and Guggenheim Timber ETF (CUT). The name of each ETF also will be changed to reflect its new underlying index, although the ticker symbols will remain the same.
The Guggenheim Spin-Off ETF will now be known as the Guggenheim S&P Spin-Off ETF and will seek to replicate the the S&P US Spin-Off Index, while the Guggenheim Timber ETF will change its name to the Guggenheim MSCI Global Timber ETF and track the MSCI ACWI IMI Timber Select Capped Index.
The S&P Index is a rule-based index comprised of, as of 29 February, 2016, approximately 58 securities of US companies that have recently been spun-off from larger corporations and meet market capitalisation requirements. Any eligible spin-offs occurring at least seven business days prior to the rebalancing date are included in the index at the monthly rebalancing.
The MSCI Index is a rules-based index comprised of, as of 29 February, 2016, approximately 90 securities of companies in developed and emerging markets that own and/or manage forests and timberlands and produce wood-based products.
