Guggenheim closes large-cap optimised ETF

Nov 22nd, 2017 | By | Category: Equities

Dive deeper into ESG & Impact investing at our upcoming breakfast briefing on Wednesday 28th March 2018 at The South Place Hotel, London, with presentations from Equileap, FTSE Russell, MSCI and UBS - REGISTER NOW

Guggenheim Investments will close and liquidate the Guggenheim Large Cap Optimized Diversification ETF (OPD US). The fund’s last trading day on the NYSE Arca will be 18 December 2017.

Guggenheim closes large-cap optimised ETF

The ETF will cease trading on the NYSE Arca on 18 December 2017.

The ETF tracks the Wilshire Large Cap Optimized Diversification Index, which uses a proprietary algorithm to optimise diversification by selecting a subset of stocks, generally with higher stock-specific risk (diversifiable risk), and weighting them so that each stock contributes approximately the same amount of correlation-weighted risk to the parent index, the market cap weighted Wilshire Large Cap Index.

Following the close of trading on 18 December 2017, shareholders will not be able to purchase or redeem shares from the fund or purchase or sell the fund in the secondary market.

If no action is taken by a shareholder of the fund prior to the liquidation date, the fund will distribute a cash payment equal to the 21 December 2017 net asset value of each remaining shareholder’s fund shares. Proceeds will be distributed as of the close of business on 22 December 2017.

Tags: , , , ,

Leave a Comment