NEW YORK, March 31, 2015 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management and advisory business of Guggenheim Partners, has had its Guggenheim S&P 500® Pure Growth ETF (RPG) named Focus ETF for the Month of April by independent ratings agency S&P Capital IQ.
Benchmarked to the S&P 500® Pure Growth Index, RPG weights its holdings on the strength of their growth characteristics rather than by market capitalization.
"Assigning weights based on style attractiveness places emphasis on the very attributes that style investors are looking for, and allows for greater differentiation of performance," said William Belden, Managing Director of Product Development for Guggenheim Investments.
Guggenheim S&P 500® Pure Growth ETF is rated five stars by Morningstar, as of 12.31.2014, and is among six Pure Style ETFs Guggenheim offers advisors and investors seeking an alternative solution to cap-weight indexes.1
"In the first two months of 2015, inflows of $1.3 billion to U.S. large-cap growth ETFs were nearly twice that of large-cap value products," said Todd Rosenbluth, Director of ETF Research for S&P Capital IQ. "We think this stems from investor interest in ETFs offering greater exposure to more cyclical sectors as the U.S. economy further improves.
"RPG is above its 200-day moving average and has bullish technical tendencies. Inflows into the $2 billion Guggenheim ETF have steadily climbed higher in the past 12 months with more than $400 million of new assets. We think more investors should take a closer look at this ETF."
1Source: Morningstar. The fund was rated, based on its risk-adjusted returns, 5 stars for 3 years, 5 stars for 5 years, and 5 stars Overall out of 23, 19, and 23 Large Growth funds, respectively. The Morningstar category is based on the underlying securities of the ETF and not the objective. The Morningstar Rating™ is provided for those exchange-traded funds ("ETFs") with at least a three-year history. Ratings are based on the ETF's Morningstar Risk-Adjusted Return measure which accounts for variation in monthly performance, placing more emphasis on downward variations and rewarding consistent performance. An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. PLEASE NOTE, this estimate is subject to change and the actual brokerage commission an investor pays may be higher or lower than this estimate. Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category. Consistent with the open-end mutual fund ratings, the top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF's 3-, 5-, and 10-year rating). The determination of an ETF's rating does not affect the retail open end mutual fund data published by Morningstar. Past performance is no guarantee of future results.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, and manages more than $195.8 billion2 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.
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. For more information, visit www.spcapitaliq.com.
Past performance is no guarantee of future results.
©2014 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on the downward variations and rewarding consistent performance. With-load ratings include the effect of sales charges, loads and redemption fees. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. The overall rating is derived from a weighted average of three- five- and 10-year rating metrics, as applicable.
2Guggenheim 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.
Pure style ETFs may not be suitable for all investors. The ETFs are subject to the risk that large, medium and small-capitalization stocks may under-perform other segments of the equity market or the equity market as a whole • Value stocks are subject to the risk that the intrinsic value of the stock may never be realized by the market or that the price goes down. Growth stocks typically invest a high portion of their earnings back into their business and may lack the dividend yield that could cushion their decline in a market downturn. Growth stocks may be more volatile than other stocks because they are more sensitive to investor perceptions regarding the growth potential of the issuing company. • The Funds are 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 Funds 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 Funds may lose money. • Unlike many investment companies, the Funds are 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 Funds' performance to match or correlate to that of the Funds' 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 Funds' holdings. In addition, although the Funds' 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. • Each Fund is considered nondiversified 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.
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.
CONTACT: Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 - office 917.809.0725 - mobile Ivy.McLemore@guggenheimpartners.comSource: Guggenheim Investments