A pickup in the economy is translating into double-digit returns for transportation ETFs.
Guggenheim’s ETF chief says index firms need to provide more than brand name.
The rising tide of the shipping industry is lifting SEA’s returns and asset inflows.
BlackRock says lack of demand has doomed iShares’ actively managed ‘ALT.’
Guggenheim, faced with eight funds that aren’t pulling in assets, decides to shut them.
Guggenheim Funds filed paperwork with the Securities and Exchange Commission to change the index on its Guggenheim Shipping ETF (NYSE Arca: SEA). The change appears to cut U.S. weighting in the fund by 80 percent. The ETF, currently based on the Delta Global Shipping Index, will be organized around the Dow Jones Global Shipping Index once the change takes place, according to the filing. It said the change will become effective 60 days after the filing, dated May 27.