NEW YORK, May 20, 2016 (GLOBE NEWSWIRE) -- Effective today, Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, will change the underlying indices for Guggenheim Spin-Off ETF (CSD) and Guggenheim Timber ETF (CUT). The name of each ETF also will be changed to reflect its new underlying index. The ticker symbol of each ETF will remain the same.
|Ticker||New ETF Name||Previous Name||New Index||Previous Index|
|CSD||Guggenheim S&P Spin-Off ETF||Guggenheim Spin-Off ETF||S&P U.S. Spin-Off Index||Beacon Spin-Off Index|
|CUT||Guggenheim MSCI Global Timber ETF||Guggenheim Timber ETF||MSCI ACWI IMI Timber Select Capped Index||Beacon Global Timber Index|
The S&P Index is a rule-based index comprised of, as of February 29, 2016, approximately 58 securities of U.S. companies that have recently been spun-off from larger corporations and meet market capitalization requirements. Any eligible spin-offs occurring at least seven business days prior to the rebalancing date are included in the index at the monthly rebalancing.
The MSCI Index is a rules-based index comprised of, as of February 29, 2016, approximately 90 securities of companies in developed and emerging markets that own and/or manage forests and timberlands and produce wood-based products.
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, with $199 billion1 in assets across fixed income, equity, and alternative strategies. 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. Our 275+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
1Guggenheim Investments total asset figure is as of 03.31.2016. The assets include leverage of $11.4bn for assets under management and $0.5bn for assets for which we provide administrative services. 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 Real Estate, LLC, Transparent Value Advisors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
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 funds are distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners (“Guggenheim”), which includes Guggenheim Funds Investment Advisors, LLC ("GFIA"), the investment advisor to the referenced fund. Guggenheim Funds Distributors, LLC is affiliated with Guggenheim and GFIA.
Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 Ivy.McLemore@guggenheimpartners.com
Source: Guggenheim Investments