‘ Guggenheim ’

Invesco acquires Guggenheim’s ETF business

Sep 29th, 2017 | By
Martin L. Flanagan, president and CEO of Invesco

Invesco, the asset manager behind the PowerShares brand of ETFs, has agreed a deal to acquire Guggenheim Investments’ ETF business for $1.2 billion in cash. The business includes around $37 billion of assets under management, comprising ETFs such as the $13.8 billion Guggenheim S&P 500 Equal Weight ETF (RSP) and the popular BulletShares suite of defined-maturity bond ETFs. Martin L. Flanagan, president and CEO of Invesco, said: “Guggenheim Investments’ ETF business is highly complementary to Invesco’s, and will enable us to provide one of the industry’s most comprehensive and innovative ranges of smart beta ETFs.”



Indxx launches thematic climate change index

Sep 28th, 2017 | By
S&P DJI debuts carbon metrics for equity indices

Indxx has launched a thematic index – the Indxx Climate Change Index – tracking global companies from developed markets that provide products or services to mitigate and remediate the effects of climate change. The New York-based indexing boutique hopes that the index, which has been designed with ETF product development in mind, will enable investors to take a more climate-friendly perspective as well as gain exposure to the megatrend of climate change.



Goldman Sachs launches equal-weight US large cap ETF

Sep 15th, 2017 | By
Goldman Sachs launches equal-weight US large cap ETF

Goldman Sachs has introduced the Goldman Sachs Equal Weight US Large Cap Equity ETF (Bats: GSEW) which provides access to the 500 largest US-listed equities while mitigating some of the biases inherent in traditional market cap-weighted indices.



Invesco targets ETF issuer Guggenheim for acquisition

Aug 3rd, 2017 | By
WisdomTree to acquire ETF Securities’ European business

Invesco, the asset manager behind the PowerShares range of ETFs, is rumoured to be in discussions to acquire part of the investment management business of Guggenheim Investments, including the firm’s ETF issuing arm. The deal, if completed, would mark the second major ETF-related acquisition for Invesco this year following the announcement in April that it would be taking control of Europe-based asset manager Source.



Guggenheim slashes fees on smart beta S&P 500 ETF

Jul 5th, 2017 | By
Douglas Mangini, senior managing director and head of intermediary distribution, Guggenheim Investments.

Guggenheim Investments has halved the management fee charged on its $13bn S&P 500 Equal Weight ETF (NYSE Arca: RSP), from 0.40% to 0.20% in a bid to position itself as one of the lowest cost providers of smart beta ETF strategies. Douglas Mangini, head of intermediary distribution at Guggenheim, commented: “This significant fee reduction is designed to benefit existing shareholders and acknowledge the increasing use of RSP by institutional and individual investors as a core equity holding.”



Guggenheim changes name of actively managed $1bn enhanced short duration ETF

Jun 30th, 2017 | By
Guggenheim changes name of actively managed $1bn enhanced short duration ETF

Guggenheim Investments has changed the name of the Guggenheim Enhanced Short Duration ETF to the Guggenheim Ultra Short Duration ETF. The actively managed fund, which has over $1.1 billion in assets under management, will keep its ticker symbol (NYSE Arca: GSY). William H. Belden, managing director and head of ETF business development for Guggenheim Investments, said: “GSY can be used for tactical cash positions to deliver potentially greater return than cash as well as liquidity for non-immediate needs.”



Guggenheim launches new multi-factor US equity ETF

Jun 21st, 2017 | By
Guggenheim changes name of actively managed $1bn enhanced short duration ETF

Guggenheim has launched a new US equity smart beta ETF that applies a multi-factor approach to select stocks from the S&P 500 Index. The ETF will give exposure to 50 stocks from the underlying index that exhibit strong factor characteristics.



Guggenheim adds 39 ETFs to BNY Mellon’s transaction-fee-free ETF platform

Jun 19th, 2017 | By
Guggenheim changes name of actively managed $1bn enhanced short duration ETF

Guggenheim Investments has placed 39 ETFs on the no-transaction-fee ETF platform, FundVest ETF, recently unveiled by BNY Mellon’s Pershing. William H. Belden, managing director and head of ETF product development at Guggenheim Investments, commented: “Guggenheim’s participation in Pershing’s FundVest ETF platform underscores our ongoing commitment to providing investors access to innovative solutions through our distinctive ETF product line.”



Cerulli finds opportunity for strategic beta in target date funds

Jun 16th, 2017 | By
Cerulli finds opportunity for strategic beta in target date funds

Over a third (38%) of asset managers predict that the use of strategic beta strategies is the most likely feature of next-generation US target-date products, according to a survey by global research and consulting firm Cerulli Associates.



Trust Company of America launches ETF trading platform featuring Guggenheim and Global X

Apr 4th, 2017 | By
Trust Company of America launches ETF trading platform featuring Guggenheim and Global X

Trust Company of America, a provider of integrated technology, custody and management support for Registered Investment Advisors, has launched ETF Custody Advantage, a trading platform designed for exchange-traded funds. Joshua Pace, president and CEO, Trust Company of America, commented: “[Our] ETF platform will ensure investors receive greater levels of diversification through exposure to a wide array of asset classes.”