Guggenheim announced this week that its board had approved the shuttering of eight exchange-traded products, including six ETFs and two members of the CurrencyShares suite of grantor trusts that offer exposure to exchange rate fluctuations. The move comes as Guggenheim is integrating the Rydex lineup of ETFs and moving to sharpen the focus of its lineup. “Guggenheim Investments remains committed to the U.S. ETP business,” said William Belden, head of product development. “As a leader in the market, we are dedicated to providing high quality investment solutions for our clients.” Five of the ETFs being closed down were originally part of the Guggenheim ETF roster, joined by one equal weight Rydex ETF. March 23 will be the last day of trading for the following ETFs: Russian Ruble Trust (FXRU) Mexican Peso Trust (FXM) EW Euro Pacific LDRs (EEN) International Small Cap LDRs (XGC) Ocean Tomo Growth Index ETF (OTR) Ocean Tomo Patent ETF (OTP) [...] Click here to read the original article on ETFdb.com. Related Posts: Special Report: Alpha ETFs Come Of Age Talking ETFs, China, and Intellectual Property With Claymore’s Christian Magoon ETFs & Sector Rotation: Large Cap, Small Cap, Or International? May ETFdb Category Kings: Best Performing ETFs January ETF Roundup: Launches, Filings, and Closures
Guggenheim announced this week that its board had approved the shuttering of eight exchange-traded products, including six ETFs and two members of the CurrencyShares suite of grantor trusts that offer exposure to exchange rate fluctuations. The move comes as Guggenheim is integrating the Rydex lineup of ETFs and moving to sharpen the focus of its lineup. “Guggenheim Investments remains committed to the U.S. ETP business,” said William Belden, head of product development. “As a leader in the market, we are dedicated to providing high quality investment solutions for our clients.” Five of the ETFs being closed down were originally part of the Guggenheim ETF roster, joined by one equal weight Rydex ETF. March 23 will be the last day of trading for the following ETFs: Russian Ruble Trust (FXRU) Mexican Peso Trust (FXM) EW Euro Pacific LDRs (EEN) International Small Cap LDRs (XGC) Ocean Tomo Growth Index ETF (OTR) Ocean Tomo Patent ETF (OTP) [...]
Click here to read the original article on ETFdb.com.
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