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EWAC

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: [click to continue…]

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The month of May was a generally disappointing stretch for investors, as both international and domestic equity markets struggled to overcome obstacles new and old. Commodities, which had been a nice source of absolute returns for much of the last year, fell on hard times as well; precious metals went into a brief freefall, and most other natural resources saw price declines as well.

May demonstrated the importance of a meaningful allocation to fixed income within any long-term portfolio, as most bond ETFs turned in nice gains during the month. The following tables highlight the best performers from each ETFdb Category during the month of May [ETFdb Pro members can download spreadsheets showing performance and expense data for the entire ETF universe]. [click to continue…]

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After a quiet stretch during the second half of December, January continued the wave of product innovation that has become common in the ETF industry. Various issuers introduced first-to-market products and continued the impressive expansion of the exchange-traded product pipeline. The month saw steady releases from various issuers to add to the 1,100+ exchange traded […]

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Rydex, building off the launch of five equal-weight ETFs last month, announced today the debut of the MSCI All Country World Equal Weight ETF (EWAC). The new fund will seek to replicate the MSCI All Country World Equal Weighted Index, providing an alternative for investors seeking a one stop shop for global equity exposure. The […]

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