MutualFundWire.com: Guggenheim Fires Off Two More BulletShares
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Tuesday, September 24, 2013
Guggenheim Fires Off Two More BulletShares
Guggenheim Investments [profile] continues to grow its BulletShares product line of defined-maturity corporate bond and high yield corporate bond ETFs.
It has now launched the Guggenheim BulletShares 2019 High Yield Corporate Bond ETF and the Guggenheim BulletShares 2020 High Yield Corporate Bond ETF.
The BulletShares product suite, which now has 18 funds, has grown by $1.9 billion, or 107 percent, since the beginning of this year, according to Guggenheim Investments.
These target maturity bonds tend to attract investors who are wary of the Federal Reserve's future plans concerning its bond buyback program.
MFWire reported in July that Guggenheim released two target-date maturity bonds, one maturing in 2021 and a second maturing in 2022.
Here is the press release:
Company Press Release
Guggenheim Investments Expands BulletShares Product Suite with New ETFs
Two New High Yield ETFs Added to Line-Up
NEW YORK – September 24, 2013 – Guggenheim Investments, the investment management division of Guggenheim Partners, today announced the launch of two new BulletShares® ETFs: Guggenheim BulletShares 2019 High Yield Corporate Bond ETF (NYSE Arca: BSJJ) and Guggenheim BulletShares 2020 High Yield Corporate Bond ETF (NYSE Arca: BSJK).
Launched in 2010, the Guggenheim BulletShares line-up consists of 18 unique 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 maturities to ladder portfolios or to manage their fixed income exposure within specific investment time frames. With maturity dates spanning from 2013 to 2022, BulletShares track indices of approximately 30 to 300 corporate bonds with effective maturities in the same calendar year as each fund’s maturity.
“Our high yield BulletShares offer investors a creative way to tap into the high yield corner of the fixed income market by focusing on securities with a given maturity date,” said William Belden, Managing Director, Product Development at Guggenheim Investments. “The defined-maturity feature continues to be a proven investment strategy for investors looking to save for life events like retirement amid a volatile economic environment.”
Year-to-date, the BulletShares product suite asset base has grown $1.9 billion through September 20, 2013, an increase of 107 percent. To view the entire BulletShares offering, please visit guggenheiminvestments.com/etf.
Overall, Guggenheim Investments total ETP assets under management are $16.5 billion as of August 31, 2013. The firm currently ranks eighth in assets under management among U.S. ETF providers.
About Guggenheim Investments BulletShares® ETFs
Combining the benefits of bonds—control of portfolio maturity, yield and credit quality—with the broad diversification, liquidity and convenience of ETFs, Guggenheim Investments BulletShares® ETFs offer investors the best of both worlds.
With maturity dates spanning from 2013 to 2022, there are 18 corporate bond and high-yield corporate bond BulletShares ETFs to choose from. These defined-maturity ETFs enable investors to implement date-sensitive investment strategies such as building a laddered bond portfolio, filling gaps in existing portfolios, obtaining year-specific yield-curve exposure and managing future cash flow needs.
About Guggenheim Investments
Guggenheim Investments represents the investment management division of Guggenheim Partners, LLC (“Guggenheim”), which consists of investment managers with approximately $151 billion in combined total assets*. 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.
Printed from: MFWire.com/story.asp?s=46188
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