Exchange-traded funds

Guggenheim Energy & Income Fund Announces Tender Offer

Tuesday, March 2, 2021 - 9:15pm

NEW YORK, March 02, 2021 (GLOBE NEWSWIRE) -- Guggenheim Energy & Income Fund (the Fund) (XGEIX) announced today a tender offer to purchase for cash up to 2.5% of the Funds issued and outstanding common shares of beneficial interest (common shares).

Key Points: 
  • NEW YORK, March 02, 2021 (GLOBE NEWSWIRE) -- Guggenheim Energy & Income Fund (the Fund) (XGEIX) announced today a tender offer to purchase for cash up to 2.5% of the Funds issued and outstanding common shares of beneficial interest (common shares).
  • As soon as the tender offer commences, the Fund will file a tender offer statement on Schedule TO with the SEC, which will include an Offer to Purchase and related Letter of Transmittal.
  • Questions regarding the Tender Offer may be directed to Georgeson LLC, the information agent for the tender offer, at (888) 565-5190.
  • Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.

Practus LLP Announces That the First Mutual Fund to ETF Conversion on Behalf of SmartETFs is Underway

Tuesday, March 2, 2021 - 4:13pm

The first two actively managed ETFs to convert from mutual funds are the SmartETFs Dividend Builder ETF (ADIV) and the SmartETFs Asia Pacific Dividend Builder ETF (DIVS).

Key Points: 
  • The first two actively managed ETFs to convert from mutual funds are the SmartETFs Dividend Builder ETF (ADIV) and the SmartETFs Asia Pacific Dividend Builder ETF (DIVS).
  • Each ETF will continue the active investment strategies under the same portfolio management and with the same performance history as their respective predecessor mutual funds, Guinness Atkinson Dividend Builder Fund (GAINX) and Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX).
  • As of March 26, 2021, shares of each mutual fund will be exchanged into shares of its corresponding ETF.
  • She was assisted by Practus partner Robert Elwood who focused on the tax implications for current and future investors of the funds.

State Street Named Fund Administrator and Transfer Agent for VanEck’s Bitcoin Trust ETF

Tuesday, March 2, 2021 - 1:00pm

Pending approval by the SEC, State Street will continue to work closely with VanEck on all aspects of the launch and provide services including ETF basket operations, custody of the ETF shares, fund accounting, order-taking and transfer agency.

Key Points: 
  • Pending approval by the SEC, State Street will continue to work closely with VanEck on all aspects of the launch and provide services including ETF basket operations, custody of the ETF shares, fund accounting, order-taking and transfer agency.
  • We are pleased to continue expanding our relationship with VanEck to support their innovative advancements in the ETF market; including the VanEck Bitcoin Trust, said Nadine Chakar, head of State Street Global Markets.
  • In 2018, State Street partnered with Lukka, a crypto reference data provider, valuation and reconciliation tool, to co-develop comprehensive digital asset fund administration services.
  • Today, State Street remains the largest global ETF servicer, servicing close to 70% of US ETF assets, and is the only provider serving all major ETF regions.

AAII Releases Special Investor's Guide to Celebrate the 40th Anniversary of the Annual Mutual Fund Guide

Tuesday, March 2, 2021 - 1:00pm

CHICAGO, March 02, 2021 /PRNewswire-PRWeb/ --The American Association of Individual Investors (AAII) is proud to announce the 2021 annual mutual fund guide release.

Key Points: 
  • CHICAGO, March 02, 2021 /PRNewswire-PRWeb/ --The American Association of Individual Investors (AAII) is proud to announce the 2021 annual mutual fund guide release.
  • The 2021 guide includes category averages, mutual fund grades and the annual exchange-traded fund (ETF) guide.
  • Members can now utilize the data in both guides to explore the mutual fund and ETF evaluator tools, comparison tools and 'first cut' mutual fund and ETF articles.
  • For AAII A+ Investor subscribers, mutual fund and ETF screeners are available, along with real-time portfolio analysis, lists of hot and cold mutual funds & ETFs, and more.

Guggenheim Energy & Income Fund Announces Quarterly Distribution

Monday, March 1, 2021 - 10:17pm

Under normal market conditions, the Fund will invest at least 70% of its Managed Assets in securities of energy companies.

Key Points: 
  • Under normal market conditions, the Fund will invest at least 70% of its Managed Assets in securities of energy companies.
  • Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (Guggenheim), with $246 billion* in assets under management across fixed income, equity, and alternative strategies.
  • Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (GFIA), Guggenheim Partners Investment Management (GPIM), and Guggenheim Funds Distributors, LLC (GFD).
  • Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.

Guggenheim Investments Announces March 2021 Closed-End Fund Distributions

Monday, March 1, 2021 - 10:16pm

The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Key Points: 
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (Guggenheim), with $246 billion* in assets under management across fixed income, equity, and alternative strategies.
  • Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (GFIA), Guggenheim Partners Investment Management (GPIM), and Guggenheim Funds Distributors, LLC (GFD).
  • Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.

Innovator ETFs Announces New Upside Caps for March Series of S&P 500 Buffer ETFs

Monday, March 1, 2021 - 2:58pm

Innovator currently has 57 Defined Outcome Buffer ETFs in the market, as well as the Innovator Laddered Fund of S&P 500 Power Buffer ETFs (BUFF) , with total assets under management (AUM) of nearly $4 billion1.

Key Points: 
  • Innovator currently has 57 Defined Outcome Buffer ETFs in the market, as well as the Innovator Laddered Fund of S&P 500 Power Buffer ETFs (BUFF) , with total assets under management (AUM) of nearly $4 billion1.
  • For additional information on the March Series of Innovator S&P 500 Buffer ETFs ( BMAR , PMAR , UMAR ), visit the Innovator Defined Outcome ETF Pricing Tool .
  • Innovators Equity Buffer ETFs have traditionally used index-based options while the Defined Outcome Bond ETFs and Stacker ETFs have been constructed using fund-based options.
  • Innovators category-creating Defined Outcome ETF familyincludes Buffer ETFs, Stacker ETFs and Floor ETFs.

First Trust Acquires Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF® (KNG), Expanding its Lineup of Target Outcome Investments®

Monday, March 1, 2021 - 2:09pm

The Acquiring Fund is an index-based ETF that seeks to track the performance, before fees and expenses, of the Cboe S&P 500 Dividend Aristocrats Target Income Monthly Series (the Index).

Key Points: 
  • The Acquiring Fund is an index-based ETF that seeks to track the performance, before fees and expenses, of the Cboe S&P 500 Dividend Aristocrats Target Income Monthly Series (the Index).
  • The funds return may not match the return of the Cboe S&P 500 Dividend Aristocrats Target Income Index.
  • Target Outcome Investments, Target Outcome ETFs and Target Income ETF are registered trademarks of Cboe Vest Financial.
  • Target Income Investments, Target Income Strategy and Target Outcome Strategies are trademarks of Cboe Vest Financial.

Dynamic Funds launches Dynamic Emerging Markets Equity Fund

Monday, March 1, 2021 - 1:30pm

TORONTO, March 1, 2021 /CNW/ -Dynamic Funds announced today the launch of Dynamic Emerging Markets Equity Fund, which seeks to provide long-term capital appreciation by investing primarily in equity securities of companies that are located or doing business in emerging or developing market countries.

Key Points: 
  • TORONTO, March 1, 2021 /CNW/ -Dynamic Funds announced today the launch of Dynamic Emerging Markets Equity Fund, which seeks to provide long-term capital appreciation by investing primarily in equity securities of companies that are located or doing business in emerging or developing market countries.
  • "Emerging markets have continued to evolve considerably over the last decade and today have some of the world's largest, most innovative companies.
  • But thorough fundamental analysis by a team who has a deep understanding of these burgeoning markets, is key to uncovering opportunities.
  • This new Fund is backed by a highly experienced team with a track record of finding world-class businesses that are not typically available to Canadian investors," says Mark Brisley, Managing Director, Dynamic Funds.

Old Mission Opens New Chicago Headquarters

Monday, March 1, 2021 - 1:00pm

Chicago, March 01, 2021 (GLOBE NEWSWIRE) -- Old Mission, a global, multi-asset market-making firm, today announced the opening of a new headquarters in downtown Chicago.

Key Points: 
  • Chicago, March 01, 2021 (GLOBE NEWSWIRE) -- Old Mission, a global, multi-asset market-making firm, today announced the opening of a new headquarters in downtown Chicago.
  • Old Mission has been headquartered in Chicago since its 2008 launch, and the move into a new 38,000 square foot space at 1 North Dearborn will enable the firm to continue building its growing team of traders, technologists and operational support professionals.
  • Old Mission employs more than 80 people in Chicago today an increase of nearly 25 employees over the past year and it is actively working to recruit for multiple newly-created roles across all areas of the business.
  • Old Mission is a global, multi-asset market maker specializing in the hardest-to-price and most illiquid ETFs.