Deals & People May 3, 2010

Transamerica Retirement Services Appoints Regional VP

Transamerica Retirement Services has hired John Low as regional vice president in the company’s Central Region.
Reported by

Low will oversee all sales activities in Central and Eastern Missouri, Southern Illinois, and Western Tennessee. He will be based in St. Louis and report to Jason Crane, Transamerica’s Central Region division vice president. 

Low joins Transamerica from Nationwide Financial, where he most recently served as a regional vice president and was responsible for wholesaling retirement products through wirehouse, adviser, and banking channels in multiple states throughout the Central Region. He also served as an internal wholesaler.  

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Products May 3, 2010

Guggenheim Introduces Three Mutual Funds

Guggenheim Partners has unveiled three Transparent Value mutual funds.
Reported by

The company said the funds are based upon the Dow Jones RBP Family of Directional Indexes, and the components of each index are determined using a methodology called Required Business Performance (RBP).

Developed by Transparent Value, RBP measures the company business performance that is implied in the price of a stock. Once the RBP has been calculated, a probability is assigned as to the likelihood that the management of a given company can deliver that RBP. The funds use a management strategy designed to track the total return performance of their respective Dow Jones Index, according to the firm.

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Transparent Value’s initial three funds are:

  • Transparent Value Dow Jones RBP U.S. Large-Cap Aggressive Index Fund,
  • Transparent Value Dow Jones RBP U.S. Large-Cap Defensive Index Fund, and 
  • Transparent Value Dow Jones RBP U.S. Large-Cap Market Index Fund.

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