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NEW YORK, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, LLC, today announced that 40 exchange traded products (ETPs) will be available to advisors and investors through the Schwab ETF OneSource™ program, launched earlier today.
"We're extremely pleased that Guggenheim is part of Schwab ETF OneSource," said William Belden, Managing Director and Head of Product Development at Guggenehim Investments. "Our participation in the program underscores our commitment to offering exchange traded products that meet the financial needs of today's investors."
Guggenheim currently has the largest line-up of exchange traded products in the program and the broadest representation across asset classes. The ETPs available currently span the following asset classes: U.S. equity, International equity, U.S. fixed income, sectors and currency. Guggenheim also offers a robust education program for investors and advisors that includes whitepapers, presentations and webinars, among other tools.
Schwab clients can buy and sell 105 ETFs from six providers with $0 online trade commissions. They will pay exactly the same operating expense ratio (OER) they would elsewhere, but without paying a commission.1
"ETFs are becoming an increasingly essential part of the investment mix," said Belden. "It's no wonder that the global ETP industry attracted record-breaking annual flows of nearly $263 billion in 2012."
Results of a recent advisor survey conducted by Guggeneheim Investments at the Morningstar ETF Invest conference are consistent with results of the 2012 ETF Investor Study by Charles Schwab. The Schwab study revealed that investor usage of ETFs is "going strong," while the Guggenheim survey revealed that advisors plan to increase their usage of ETFs in 2013. Specifically, the Guggenheim survey revealed that fixed income ETFs, in particular, are serving as a means of addressing the low-interest rate environment and economic uncertainty.2
Among the Guggenheim products available on the new Schwab ETF platform are the firm's complete line up of fixed income BulletShares ETFs--which include 14 corporate bond and high yield defined-maturity ETFs that allow for the implementation of date-sensitive investment strategies such as, building a laddered bond portfolio.
"As investors and their advisors continue to search for affordable investment options that can meet their specific financial goals, Schwab's ETF OneSource offers the attractive solution," said Peter Crawford, senior vice president of Charles Schwab. "We look forward to a successful collaboration with Guggenheim and the other OneSource providers."
Overall, Guggenheim Investments has $12 billion in ETP assets as of 12/31/2012. The firm currently ranks eighth in AUM among U.S. ETF providers.3
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC, which consist of investment managers with approximately $143 billion in combined total assets.4 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.
This communication is for informational purposes only and should not be considered as investing advice nor a recommendation of any particular security, strategy, investment product or investing platform. The Schwab ETF OneSource is not sponsored, endorsed or promoted by Guggenheim Investments. Guggenheim Investments and its affiliates are not affiliated with Schwab.
RISK CONSIDERATIONS There can be no assurance that the funds will achieve their investment objectives. Investors should consider the following risk factors and special considerations associated with investing in an ETF, which may cause you to lose money, including the entire principal amount that you invest. • Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Most investors will also incur customary brokerage commissions when buying or selling shares of an ETF. • Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. • ETF shares may trade below their net asset value ("NAV"). The NAV of shares will fluctuate with changes in the market value of an ETF's holdings. In addition, there can be no assurance that an active trading market for shares will develop or be maintained. • Tracking error risk refers to the risk that the advisor may not be able to cause the ETF's performance to match or correlate to that of the ETF's underlying index, either on a daily or aggregate basis. Tracking error risk may cause the ETF's performance to be less than you expect. Please refer to the individual ETF prospectus for a more detailed discussion of the fund-specific risks and considerations.
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 800.345.7999.
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC. Securities offered through Guggenheim Funds Distributors, LLC and Guggenheim Distributors, LLC. Guggenheim Distributors, LLC and Guggenheim Funds Distributors, LLC. are affiliated with Guggenheim Partners, LLC.
1 Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs) are available without commissions when placed online in a Schwab account. Trade orders placed through a broker will receive the negotiated broker-assisted rate. An exchange processing fee applies to sell transactions. Certain types of transactions in Schwab ETF OneSource funds are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. Please see the pricing guide for additional information.
2 The survey was conducted onsite by Guggenheim Investments at the Morningstar ETF Invest event, with 55 advisors (out of the approximately 200+ financial advisors in attendance) being surveyed.
3 Sources: BlackRock and Guggenheim Investments analysis. As of 12.31.2012.
4 The total asset figure is as of 12/31/2012 and includes $10.71B of leverage for Assets Under Management and $0.85B of leverage for Serviced Assets. Total assets include assets from Security Investors, LLC, Guggenheim Partners Investment Management, LLC, Guggenheim Funds and its affiliated entities, and some business units including Guggenheim Real Estate, LLC, Guggenheim Aviation, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited, Transparent Value Advisors, LLC, and Guggenheim Partners India Management. Values from some funds are based upon prior periods.
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