Guggenheim Plans 4 Int’l Equity ETFs

February 04, 2011

Guggenheim Funds, the Lisle, Ill.-based money management firm, filed paperwork with U.S. regulators this week to market four international exchange-traded funds that are linked to BNY Mellon indexes.

The filing comes a week after the company rolled out four of nine planned target-maturity fixed-income ETFs. The new international equity ETFs would join Guggenheim’s roster of global equity funds, which amount to 16 ETFs today, half of which are sector-specific.

Guggenheim Funds Investment Advisors is the advisor for the ETFs. The company didn’t disclose tickers or fees.

The proposed funds, and some of their characteristics, are:

  • The Guggenheim ABC High Dividend ETF will replicate the rules-based BNY Mellon ABC Index, a benchmark comprising 30 securities and U.S.-listed American depositary receipts of companies from Australia, Brazil and Canada. All have paid dividends to shareholders in the past two years, according to the filing.
  • The Guggenheim BMAC Commodity Producers ETF will track the BNY Mellon BMAC Index that measures the performance of some 30 companies either through securities or ADRs from Brazil, Mexico, Australia and Canada. Each will have float market capitalization of at least $200 million. All names included in the mix must be part of either oil and gas or basic materials sectors, or belong to building materials and fixtures subsector, the filing said.
  • The Guggenheim Small-Mid Cap BRIC ETF will be a small- and mid-cap version of the company’s other BRIC strategy, the $780 million Guggenheim BRIC ETF (NYSEArca: EEB). The planned ETF will track the BNY Mellon Small-Mid BRIC Index, which has about 44 securities, ADRs and U.K.-traded depositary receipts from Brazil, Russia, India and China.
  • The Guggenheim International High Dividend ETF comprises some of the top 30 securities and ADRs already included in the BNY Mellon ADR Index and DJ Canada TSM Index. The selection process screens for companies from developed and emerging markets with a minimum free-float market capitalization of $5 billion, among other criteria. Only the top 30 stocks based on the highest average three years' yield are selected, the filing said.

 

Guggenheim Funds Investment Advisors is the advisor for the ETFs, according to the filing.

The paperwork was submitted by the Claymore ETF Trust, a vestige of the days before Guggenheim acquired both Claymore and the exemptive relief status that gives it permission from U.S. securities regulators to market ETFs.

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