Guggenheim Closing Nine ETFs
February 19th, 2013 at 10:01am by John Spence
Guggenheim Investments will close nine ETFs “in order to focus resources on products that have demonstrated the most marketplace demand.”
The firm plans to liquidate Guggenheim ABC High Dividend ETF (NYSEArca: ABCS), Guggenheim MSCI EAFE Equal Weight ETF (NYSEArca: EWEF), Guggenheim S&P MidCap 400 Equal Weight ETF (NYSEArca: EWMD),G uggenheim S&P SmallCap 600 Equal Weight ETF (NYSEArca: EWSM), Guggenheim Airline ETF (NYSEArca: FAA), Guggenheim 2x S&P 500 ETF (NYSEArca: RSU), Guggenheim Inverse 2x S&P 500 ETF (NYSEArca: RSW), Wilshire 5000 Total Market ETF (NYSEArca: WFVK) and Wilshire 4500 Completion ETF (NYSEArca: WXSP).
The final day of trading for the ETFs is scheduled for March 15.
“Guggenheim remains committed to the ETF business, and this evolution is a natural and necessary part of the process to ensure we are meeting our clients’ needs,” said William Belden, managing director and head of product development at Guggenheim Investments, in a press release. “We are dedicated to providing high quality investment solutions for our clients and our product development pipeline is positioned well to deliver unique ETF products.”
Over the past 13 months, the company’s ETF assets have increased by $4.1 billion, or 55%.
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