NEW YORK, Feb. 11, 2015 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of Guggenheim S&P High Income Infrastructure ETF (GHII), the first yield-weighted global infrastructure ETF designed to help advisors and investors seeking alternative sources of income in a low interest-rate environment.
The ETF tracks the S&P High Income Infrastructure Index, which measures and monitors the performance of 50 highest-yielding global equity securities of companies that engage in various infrastructure-related sub-industries. Index constituents must meet size, listing and liquidity requirements and also be part of the S&P Global BMI, a rules-based index that measures global stock market performance.
"Global infrastructure securities represent a unique opportunity to invest in an important and growing asset class," said William Belden, Managing Director of Product Development for Guggenheim Investments. "One of the attractive investment features of infrastructure companies is their comparatively stable yield regardless of market or business cycles."
"We're excited because this ETF can serve as an attractive choice for investors seeking to generate income through a strategic beta approach based on yield weighting, instead of weighting by market cap."
Infrastructure serves as the foundation of basic, irreplaceable public services, including electricity, roads, airports, and water, all of which are essential to support economic and social activity. As a result, demand for infrastructure assets has been unaffected by changing economic and market factors.
"In recent years, S&P Dow Jones Indices has seen increased popularity of its infrastructure indices, each of which serves as an important barometer of performance of listed infrastructure companies," says Vinit Srivastava, Senior Director at S&P Dow Jones Indices. "The S&P High Income Infrastructure Index adds to S&P Dow Jones Indices' closely followed family of infrastructure indices for institutional and private investors that focus on income as a major part of their interest in this asset class."
The infrastructure asset class offers investors the opportunity to realize enhanced return and capital appreciation. Offering strong cash flow potential, assets with typically long life spans, as well as relatively low volatility and significant barriers to entry, infrastructure provides investors with access to an emerging segment of the market aligned with the global recovery.
For more information, please visit http://www.guggenheiminvestments.com/etf or call 888.WHY.ETFs to speak to a representative.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, and manages more than $195.8 billion1 in assets across fixed income, equity, and alternatives. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. This approach to investment management has enabled us to deliver innovative strategies, that provide opportunities for diversification and attractive long-term results. 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.
1Guggenheim Investments' total asset figure is as of 12.31.2014 and includes $12.1bn of leverage for Assets Under Management and $0.4bn for assets for which Guggenheim provides administrative services. Values from some funds are based upon prior periods. Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Aviation Partners, LLC, Guggenheim Real Estate, LLC, Transparent Value Advisors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
RISK CONSIDERATIONS Guggenheim S&P High Income Infrastructure ETF may not be suitable for all investors. The ETF is subject to the risk that medium, small and micro-capitalization stocks may under-perform other segments of the equity market or the equity market as a whole • The Fund is subject to the risk that unanticipated early closings of securities exchanges and other financial markets may result in the Fund's inability to buy or sell securities or other financial instruments on that day. • In certain circumstances, it may be difficult for the Fund to purchase and sell particular investments within a reasonable time at a fair price. • Investments in securities, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the Fund may lose money. • Unlike many investment companies, the Fund is not actively "managed." This means that based on market and economic conditions, the Fund's performance could be lower than other types of funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline. • Tracking error risk refers to the risk that the Advisor may not be able to cause the Fund's performance to match or correlate to that of the Fund's Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the Funds' performance to be less than you expect. • Shares may trade below their net asset value ("NAV"). The NAV of shares will fluctuate with changes in the market value of the Fund's holdings. In addition, although the Fund's shares are currently listed on NYSE Arca, Inc. (the "Exchange"), there can be no assurance that an active trading market for shares will develop or be maintained. • The Fund's investments in foreign securities carry additional risks when compared to U.S. securities, due to the impact of diplomatic, political or economic developments in the country in question (investments in emerging markets securities are generally subject to an even greater level of risks). • Investing in companies within one of the sectors (particularly, Energy, Industrials, Utilities and Infrastructure Clusters) may cause greater fluctuations in the value of Fund shares. ● The Fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified Fund. As a result, changes in the market value of a single security could cause greater fluctuations in the value of fund shares than would occur in a more diversified Fund. ● Please read the prospectus for more detailed information regarding these and other risks.
The funds or securities referred to herein are not sponsored, endorsed or promoted by S&P Dow Jones Indices, and S&P Dow Jones Indices bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship S&P Dow Jones Indices has with Guggenheim Investments and any related funds.
Read a fund's prospectus and summary prospectus (if available) carefully before investing. It contains the fund's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) at www.guggenheiminvestments.com or call 800.820.0888.
The referenced fund is distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners ("Guggenheim"), which includes Security Investors, LLC ("SI"), the investment advisor to the referenced fund. Guggenheim Funds Distributors, LLC is affiliated with Guggenheim and SI.
A graph accompanying this release is available at http://media.globenewswire.com/cache/16530/file/31782.pdf.
CONTACT: Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 - office 917.809.0725 - mobile Ivy.McLemore@guggenheimpartners.comSource: Guggenheim Investments