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

Jun 19th, 2017 | By | Category: ETF and Index News

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Guggenheim Investments has placed 39 ETFs on the no-transaction-fee ETF platform, FundVest ETF, recently unveiled by BNY Mellon’s Pershing.

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

William H. Belden, managing director and head of ETF product development at Guggenheim Investments.

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.”

Among the 39 ETFs now available on FundVest ETF are the Guggenheim S&P 500 Equal Weight ETF (RSP) and 16 BulletShares defined-maturity ETFs.

“Equal weight strategies represent an alternative to traditional cap-weighted strategies, which have several potential drawbacks,” noted Belden. “Cap-weighting can lead to overconcentration in a small group of the index’s largest stocks. Additionally, cap-weighting can cause a bias towards companies that have experienced growth runs. This may hinder performance by overweighting overvalued stocks and, conversely, underweighting undervalued ones.”

BulletShares ETFs, contrary to the majority of fixed income ETFs which trade in and out of bonds to maintain a target duration exposure, hold underlying bonds until maturity, at which point the fund will liquidate.

With maturity dates spanning from 2018 to 2026, BulletShares track indices of approximately 30 to 320 corporate bonds with effective maturities in the same calendar year as each fund’s maturity. By combining funds of varying maturities, investors can build a portfolio that meets their future cash requirements.

The Guggenheim ETFs available on Pershing’s FundVest ETF platform are:

Guggenheim S&P 500 Equal Weight ETF (RSP)
Guggenheim S&P 100 Equal Weight ETF (OEW)
Guggenheim MSCI Emerging Markets Equal Country Weight ETF (EWEM)
Guggenheim S&P MidCap 400 Equal Weight ETF (EWMC)
Guggenheim S&P SmallCap 600 Equal Weight ETF (EWSC)
Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (RCD)
Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS)
Guggenheim S&P 500 Equal Weight Energy ETF (RYE)
Guggenheim S&P 500 Equal Weight Financials ETF (RYF)
Guggenheim S&P 500 Equal Weight Health Care ETF (RYH)
Guggenheim S&P 500 Equal Weight Industrials ETF (RGI)
Guggenheim S&P 500 Equal Weight Materials ETF (RTM)
Guggenheim S&P 500 Equal Weight Real Estate ETF (EWRE)
Guggenheim S&P 500 Equal Weight Technology ETF (RYT)
Guggenheim S&P 500 Equal Weight Utilities ETF (RYU)
Guggenheim S&P 500 Pure Growth ETF (RPG)
Guggenheim S&P 500 Pure Value ETF (RPV)
Guggenheim S&P MidCap 400 Pure Growth ETF (RFG)
Guggenheim S&P MidCap 400 Pure Value ETF (RFV)
Guggenheim BulletShares 2018 Corporate Bond ETF (BSCI)
Guggenheim BulletShares 2019 Corporate Bond ETF (BSCJ)
Guggenheim BulletShares 2020 Corporate Bond ETF (BSCK)
Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL)
Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM)
Guggenheim BulletShares 2023 Corporate Bond ETF (BSCN)
Guggenheim BulletShares 2024 Corporate Bond ETF (BSCO)
Guggenheim BulletShares 2025 Corporate Bond ETF (BSCP)
Guggenheim BulletShares 2026 Corporate Bond ETF (BSCQ)
Guggenheim BulletShares 2018 High Yield Corporate Bond ETF (BSJI)
Guggenheim BulletShares 2019 High Yield Corporate Bond ETF (BSJJ)
Guggenheim BulletShares 2020 High Yield Corporate Bond ETF (BSJK)
Guggenheim BulletShares 2021 High Yield Corporate Bond ETF (BSJL)
Guggenheim BulletShares 2022 High Yield Corporate Bond ETF (BSJM)
Guggenheim BulletShares 2023 High Yield Corporate Bond ETF (BSJN)
Guggenheim BulletShares 2024 High Yield Corporate Bond ETF (BSJO)
Guggenheim Enhanced Short Duration ETF (GSY)
Guggenheim Total Return Bond ETF (GTO)
Guggenheim S&P High Income Infrastructure RTF (GHII)
Guggenheim Dow Jones Industrial Average Dividend ETF (DJD)

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