NEW YORK, Aug. 1, 2013 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, today announced that Guggenheim Canadian Energy Income ETF (NYSE Arca:ENY) will change its benchmark index to the S&P/TSX Canadian High Income Energy Index as of today.
ENY is the only ETF to offer exclusive exposure to the Canadian energy market. The S&P/TSX Canadian High Income Energy Index is designed to provide exposure to high yielding securities in the Canadian energy sector that meet size and liquidity requirements.
"Transitioning to the S&P/TSX High Income Energy Index will help broaden the Fund's exposure to high yielding Canadian energy stocks," said William Belden, Managing Director at Guggenheim Investments. "Also, investors will have greater potential for consistent dividend income."
This is the twentieth ETF in the Guggenheim ETF product suite that tracks an S&P Index, building upon an established and longstanding relationship between Guggenheim and S&P Dow Jones Indices.
"We are pleased to partner with S&P on the S&P/TSX High Income Energy Index and look forward to continuing to work closely with S&P Dow Jones Indices and TMX Group in the future" said Belden.
The S&P/TSX High Income Energy Index, which commenced operation on July 25, 2013, is designed to measure income producing securities with specific exposure to the Energy sector. The Index includes the constituent stocks of the S&P/TSX Composite Index that are classified as Energy companies, according to the Global Industry Classification Standard (GICS®), and that also meet specific yield requirements.
ENY previously tracked the Sustainable Canadian Energy Income Index. The fund's ticker (ENY) remains unchanged and no action is required by shareholders. The annual expense ratio will not change.
Overall, Guggenheim Investments total ETP assets under management are $16.3 billion as of July 26, 2013, across nearly 70 products—a 33% increase in assets year-to-date1. As of June 30, 2013, the firm ranked eighth in AUM among U.S. ETF providers2.†
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 represents the investment management businesses of Guggenheim Partners, which consist of investment managers with approximately $151 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.
†Source: BlackRock, June 30, 2013.
* The total asset figure is as of 6.30.2013 and includes $11.720B of leverage. AUM includes assets from Security Investors, Guggenheim Partners Investment Management, LLC ("GPIM", formerly known as Guggenheim Partners Asset Management, LLC; GPIM assets also include all assets from Guggenheim Investment Management, LLC which were transferred as of 06.30.2012), Guggenheim Funds Investment Advisors and its affiliated entities, and some business units including Guggenheim Real Estate, Guggenheim Aviation, GS GAMMA Advisors, Guggenheim Partners Europe, Transparent Value Advisors, and Guggenheim Partners India Management. Values from some funds are based upon prior periods.
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.
Read an ETF's prospectus and summary prospectus (if available) carefully before investing. It contains the ETF's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) for ETFs and other funds distributed by Guggenheim Funds Distributors, LLC at guggenheiminvestments.com or call 800.345.7999.
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, ("GP"), which includes Security Investors, LLC ("SI") and Guggenheim Funds Investment Advisors, LLC ("GFIA"), the investment advisors to the Rydex and Guggenheim ETFs, respectively. Guggenheim Funds Distributors, LLC and Guggenheim Distributors, LLC are affiliated with GP, GFIA and SI.
1. AS OF JULY 26, 2013. 1.1.2013 assets were $12,202. 7.26.2013 assets were $16.3B.
2. SOURCE: BlackRock 6.30.2013
CONTACT: For general inquiries please contact: Jeaneen Pisarra Guggenheim Partners 212.518.5367 Jeaneen.email@example.comSource: Guggenheim Investments