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Friday, April 27, 2012

Guggenheim Loads Three More Bullets

by: Erin Kello

Guggenheim Investments [profile] is adding to the old Claymore product line. The New York company is adding three new BulletShares to its stable of products.

The new funds are: Guggenheim BulletShares 2016 High Yield Corporate Bond Fund; Guggenheim BulletShares 2017 High Yield Corporate Bond ETF; and Guggenheim BulletShares 2018 Corporate Bond ETF.

Guggenheim Investments purchased Claymore in 2009 and later re-branded its products under the Guggenheim Investments name, which also encompasses former Rydex and Security Global Investors offerings.

Company Press Release

NEW YORK – April 25, 2012 – Guggenheim Investments, the investment management division of Guggenheim Partners, LLC, today announced the launch of three new high yield corporate bond BulletShares exchange traded funds (ETFs): Guggenheim BulletShares 2016 High Yield Corporate Bond Fund (NYSE Arca:BSJG) Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (NYSE Arca: BSJH) and Guggenheim BulletShares 2018 Corporate Bond ETF (NYSE Arca: BSJI). These funds are a part of a suite of Guggenheim BulletShares® ETFs, which recently surpassed $1 billion in total assets as of March 14, 2012.

  “BulletShares provide a cost-effective approach to bond laddering,” said William Belden, head of product development for Guggenheim Investments.  “Advisors are increasingly looking for ways to use high-yield corporate bonds to diversify their clients’ portfolios, and these ETFS are a unique solution.”  

“Advisors are using BulletShares ETFs to provide the benefits of liquidity and transparency, and we are committed to growing this suite,” said William Belden, head of product development for Guggenheim Investments. “We’ve found that there is strong demand for longer maturity dates to use in portfolio construction so we’re pleased to expand the line-up to meet their needs.”  

The Guggenheim BulletShares® suite includes fixed-income defined-maturity corporate bond and high yield corporate bond ETFs. Advisors are easily able to construct laddered bond portfolios designed to meet their clients’ specific maturity profiles, risk preferences and investment goals.  BulletShares® track indicies of approximately 56 to 200 corporate bonds with effective maturities in the same calendar year as each fund’s maturity, with maturity dates ranging from 2012 to 2020 at this time.   

Overall, Guggenheim Investments total ETP assets under management are nearly $12 billion as of 3/31/2012. The firm currently ranks eighth in AUM among U.S. ETF providers.1  

Guggenheim Investments

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC, which consist of investment managers with approximately $127 billion in combined total assets.2 Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe and Asia.

  Guggenheim Investments offers investors a broad range of ETPs—domestic and international equity, fixed-income and currency—to provide the core building blocks for portfolios, access to hard-to-reach market segments, as well as targeted investment choices. 

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