Guggenheim S&P 500® Equal Weight ETF (RSP) is among 14
equal-weight broad market and sector ETFs in addition to Guggenheim
Total Return Bond ETF (GTO) and Guggenheim S&P High Income
Infrastructure (GHII) now available on E*TRADE’s Commission-Free
ETF1 platform
Guggenheim Investments, the global asset management and investment
advisory business of Guggenheim Partners, announced today that
Guggenheim S&P 500® Equal Weight ETF (RSP) is among 16 ETFs it
has placed on E*TRADE’s Commission-Free ETF platform1.
Guggenheim S&P 500® Equal Weight ETF (RSP) is part of
E*TRADE’s All-Star ETF list2. Guggenheim pioneered strategic beta
in 2003 with the introduction of RSP and remains the industry
leader in equal weight ETF offerings which seek to provide
performance potential, more diversified opportunities, and
disciplined rebalancing.
“Guggenheim’s participation in E*TRADE’s Commission-Free1 ETF
platform underscores our ongoing commitment to providing investors
access to innovative solutions through our distinctive ETF product
line,” said William Belden, Managing Director and Head of ETF
Product Development at Guggenheim Investments. “Equal weight
strategies represent an alternative to traditional cap-weighted
strategies, which have several potential drawbacks.”
“Cap-weighting can lead to overconcentration in a small group of
the index’s largest stocks. Additionally, cap-weighting can cause a
bias towards companies that have experienced growth runs. This may
hinder performance by overweighting overvalued stocks and,
conversely, underweighting undervalued ones,” Belden said.
“Equal-weight ETFs can reduce the outsized influence large
companies have on ETF returns by giving each underlying security,
regardless of size, equal weight. This approach can allow even
small companies the opportunity to generate material returns for
the fund, adding yet another tool for investors looking to
potentially increase returns or reduce risk,” said Lena Haas, SVP,
Investing at E*TRADE Financial. “With the addition of 14 Guggenheim
Equal Weight ETFs to E*TRADE’s Commission-Free ETF platform, we
continue in our pursuit to offer our customers a robust range of
investment choices that are commission-free to trade.1”
Guggenheim Total Return Bond ETF (GTO) provides investors a way
to access Guggenheim’s actively managed fixed-income capabilities
to seek maximum total return in an ETF format.
Guggenheim S&P High Income Infrastructure ETF (GHII) is the
first yield-weighted global infrastructure ETF, which may help
investors seeking alternative sources of income in a low
interest-rate environment. Infrastructure serves as the foundation
of basic, irreplaceable public services, including electricity,
roads, airports, and water, all of which are essential to support
economic and social activity. As a result, demand for
infrastructure assets has been less sensitive to changing economic
and market factors.
The Guggenheim ETFs now available on E*TRADE’s Commission-Free
platform are:
- Guggenheim S&P 500® Equal Weight ETF (RSP)
- Guggenheim MSCI Emerging Markets Equal Country Weight
(EWEM)
- Guggenheim S&P MidCap 400® Equal Weight ETF (EWMC)
- Guggenheim S&P Small Cap 600® Equal Weight ETF (EWSC)
- Guggenheim S&P 500® Equal Weight Consumer Discretionary ETF
(RCD)
- Guggenheim S&P 500® Equal Weight Consumer Staples ETF
(RHS)
- Guggenheim S&P 500® Equal Weight Energy ETF (RYE)
- Guggenheim S&P 500® Equal Weight Financials ETF (RYF)
- Guggenheim S&P 500® Equal Weight Health Care ETF (RYH)
- Guggenheim S&P 500® Equal Weight Industrials ETF (RGI)
- Guggenheim S&P 500® Equal Weight Materials ETF (RTM)
- Guggenheim S&P 500® Equal Weight Real Estate ETF
(EWRE)
- Guggenheim S&P 500® Equal Weight Technology ETF (RYT)
- Guggenheim S&P 500® Equal Weight Utilities ETF (RYU)
- Guggenheim Total Return Bond ETF (GTO)
- Guggenheim S&P High Income Infrastructure ETF (GHII)
About Guggenheim InvestmentsGuggenheim
Investments is the global asset management and investment advisory
division of Guggenheim Partners, LLC (“Guggenheim”), with $204
billion3 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.
The funds may not be suitable for all
investors. The broad diversification of equal weight
strategies does not assure a profit, nor eliminate the risk of
investment losses. When larger capitalization securities are
in favor or in periods of severe market dislocation, an equal
weighted strategy may underperform a cap-weighted strategy, and
increased exposure to smaller capitalization companies may increase
volatility. Investments in fixed-income securities are
subject to the possibility that interest rates could rise, causing
the value of the funds’ securities and share price to
decline. The infrastructure industries can be significantly
affected by general economic trends, government regulation and
spending, commodity prices, supply and demand of services or fuel,
and natural resource conservation. Please read a fund's
prospectus for more information about 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.
1 You can buy and sell the exchange traded funds (ETFs)
available through the E*TRADE Securities commission-free ETF
program without paying brokerage commissions. To discourage
short-term trading, E*TRADE Securities may charge a short-term
trading fee on sales of participating ETFs held for less than 30
days.
2 All-Star lists are not a recommendation by E*TRADE Securities
or its affiliates to buy, sell or hold any security, financial
product or instrument, nor is it an endorsement of any specific
security, company, fund family, product, or service. All-Star
ETFs are selected based on characteristics that make them most
representative of a specific asset class or market segment based on
the underlying index the ETF is seeking to replicate, as well as
the ETF’s underlying holdings. Additional factors that are
considered in the selection process include historical performance,
tracking error, expenses, and liquidity. The ETFs considered for
selection are passively managed, and inverse and leveraged funds
are not considered. All-Star ETFs typically have at least six
months of trading history and are sponsored by a well-balanced
firm. To learn more, please visit etrade.com/allstar.
3 Guggenheim Investments total asset figure is as of 09.30.2016
and includes $10.7bn of leverage 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, GS GAMMA Advisors, LLC, Guggenheim
Partners Europe Limited and Guggenheim Partners India
Management.
E*TRADE Financial Corporation ("E*TRADE") and its subsidiaries
provide financial services including online brokerage and banking
products and services to retail customers. E*TRADE is not
affiliated with Guggenheim.
Media Contact
Ivy McLemore
Guggenheim Partners
212.518.9859
Ivy.McLemore@guggenheimpartners.com
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