NEW YORK, April 24, 2013 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, and Standard & Poor's (S&P) announced that today marks the tenth anniversary of the Guggenheim S&P 500® Equal Weight ETF (RSP)—the industry's first alternatively weighted ETF, which is based on the S&P 500 Equal Weight Index.
"Guggenheim Investments is considered the pioneer of the equal weight ETF market, and we continue to be at the forefront of the development and implementation of equal weight indexing strategies," said William Belden, Managing Director for Guggenheim Investments. "Over the last decade, Guggenheim has continued that leadership, and currently offers 14 equal weight ETFs, covering domestic and international markets, as well as sectors within the S&P 500® Index."
RSP provides investors with broad exposure to all companies in the S&P 500© Index without the domination of a small group of stocks. It provides equal exposure to each of the 500 stocks within the S&P 500© Index, ensuring that smaller cap names are weighted as heavily as market giants, therefore eliminating the large-cap bias of traditional capitalization-weighted (CW) index products.
"Over the past decade or two, the market has learned a great deal about the important role that weights play in index design—a lesson clearly on display when one looks at the characteristics of equal vs. market capitalization weighting," says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. "Equal weighting over-weights small cap and value stocks to take advantage of the most successful anomalies in stock selection. The best demonstration of this is the weighted performance margin was 161 basis points annually."
"Broad diversification across market segments may help reduce concentration risk, providing more balanced exposure across market capitalizations, sectors and other risk factors," continued Belden. "Like its benchmark index, RSP rebalances quarterly to its original equal weights, which may result in unbiased exposure to market risk factors, enhanced risk controls and opportunity to capture long-term equity market performance."
Since its launch on April 24, 2003, RSP has outperformed against the CW S&P 500 Index—delivering a 10.36% average annual total return against the S&P 500's 7.71% average annual total return (through April 22, 2013). For 2013, RSP is up 11.15%, vs. the CW S&P 500's performance of 7.71% (through April 22, 2013). RSP assets have increased 19% in 2012 and 15% this year, as of April 22, 2013.
|AVERAGE ANNUAL TOTAL RETURNS|
|3-Month||1-Year||3-Year||5-Year|| Since Fund |
| Total |
|RSP (@ NAV)||12.40%||17.01%||13.73%||8.49%||10.55%||0.40%|
|RSP (Market Close)||12.23%||16.92%||13.65%||8.58%||10.54%||0.40%|
|S&P 500® Index||10.60%||13.96%||12.70%||5.81%||7.80%||----|
|RSP (Market Close) Outperformance vs. S&P 500® Index||1.63%||2.96%||0.95%||2.77%||2.74%|
|S&P 500® Equal Weight Index||12.50%||17.54%||14.30%||9.24%||11.20%||----|
|Data as of 3.28.2013|
|Performance displayed represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month-end, please visit our web site at guggenheiminvestments.com or call 800.820.0888. ETFs are subject to third-party transaction fees/commissions. Net asset value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above or below NAV. For additional information, please see the fund's prospectus. INDEX DATA SOURCE: FUNDSTATION. Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends. The referenced indices are unmanaged and not available for direct investment. Index performance does not reflect transition costs, fees or expenses. Cap Weight Index performance is shown for comparative purposes only.|
About Guggenheim Investments
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, which consist of investment managers with approximately $180 billion in combined total assets.* Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.
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.
* Assets under management are as of 3.31.2013 and include consulting services for clients whose assets are valued at approximately $37 billion.
Guggenheim S&P 500 Equal Weight ETF may not be suitable for all investors.● 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 and derivatives, 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 mutual 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 Fund's 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 is subject to the risk that large-capitalization stocks may underperform other segments of the equity market or the equity market as a whole. See Prospectus for more details.
"Standard & Poor's," "S&P" and "S&P 500," are trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by Guggenheim Investments and its affiliates. Guggenheim S&P 500® Equal Weight ETF is not sponsored, endorsed, sold or promoted by Standard & Poor's, which makes no representation regarding the advisability of investing in Guggenheim S&P 500® Equal Weight ETF. The Standard & Poor's 500 Equal Weight Index (S&P EWI) is the equal-weighted version of the widely regarded S&P 500® Index, which measures 500 leading companies in leading U.S. industries. The S&P EWI has the same constituents as the capitalization weighted S&P 500® Index, but each company in the S&P EWI is allocated a fixed weight, rebalancing quarterly. The Standard and Poor's 500 Index (S&P 500®) is a broad-based index, the performance of which is based on the performance of 500 widely-held common stocks chosen for market size, liquidity and industry group representation. The referenced indices are unmanaged and not available for direct investment. Index performance does not reflect transaction costs, fees or expenses. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
The referenced fund is distributed by Guggenheim Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("GP"), which includes Security Investors, LLC ("SI"), the investment adviser to the referenced fund. Guggenheim Distributors, LLC, is affiliated with GP and SI.
CONTACT: For general inquiries please contact: Jeaneen Pisarra Guggenheim Investments 917.386.0387 Jeaneen.firstname.lastname@example.orgSource: Guggenheim Investments