Guggenheim, the eighth-largest issuer of exchange traded funds, is unveiling some changes to its ETF lineup.
Citing a filing with the Securities and Exchange Commission, ETF.com reports Guggenheim S&P 500 Equal Weight ETF (NYSEArca: RSP), the equal-weight answer to traditional S&P 500 ETFs, will absorb the Guggenheim Russell 1000 Equal Weight ETF (NYSEArca: EWRI).
The ETF.com report also notes the Guggenheim Russell MidCap Equal Weight ETF (NYSEArca: EWRM) and the Guggenheim Russell 2000 Equal Weight ETF (NYSEArca: EWRS) will change indexes and take on new tickers.
“From Jan. 26 on, they will track equal-weighted versions of the S&P MidCap 400 and the S&P SmallCap 600 indexes as the Guggenheim S&P MidCap 400 Equal Weight ETF (EWMC) and the Guggenheim S&P SmallCap 600 Equal Weight ETF (EWSC), respectively,” according to ETF.com.
Also in January, the Guggenheim Russell Top 50 Mega Cap ETF (NYSEArca: XLG) will drop its current index in favor of an S&P index. XLG currently singles out the biggest U.S. company stocks taken from the the Russell 1000 large-cap index.
Guggenheim S&P 500 Equal Weight ETF
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.