Products January 25, 2011

Guggenheim Launches High Yield Fixed Income ETF Suite

Guggenheim Funds Distributors, Inc. has launched the Guggenheim BulletShares High Yield Corporate Bond ETFs.
Reported by

The suite of ETFs has designated years of maturity ranging from 2012 through 2015 that invest in high-yield corporate bonds with effective maturities in the years respective to each fund.  

The four new ETFs, which seek to replicate the performance of BulletShares USD High Yield Corporate Bond Indices, provide investors with a convenient way to invest in the high-yield corporate bond market, the company said. The funds also enable advisers to build laddered portfolios in a cost-effective and diversified manner; fill gaps in existing bond portfolios; and address investors’ lifestyle needs by providing the potential for monthly income distributions and a final distribution at the ETF’s maturity that can be applied towards retirement, college or other expenses.  

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The NYSE Arca ticker for the 2012 fund is BSJC; for 2013, BSJD; for 2014, BSJE; and for 2015, BSJF. 

Deals & People January 25, 2011

Natixis Expands Retirement Strategy Group

Natixis Global Associates (NGA) announced two new staff appointments that complete the organizational plan for its retirement strategy group.
Reported by

Paul M. Davidson and Charles N. Johnson have been named vice presidents, retirement strategy. They will be working with financial advisers to provide information for plan sponsors and individual investors. Based in Dallas, Texas, Davidson heads the South Central region, and Johnson is located in San Francisco and oversees the Western region.   

According to the announcement, both report to Matt Coldren, executive vice president and head of the retirement strategy group located in Boston, Massachusetts.   

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“Paul and Chuck each bring an impressive track record of over 17 years of experience and success in the financial services industry. In addition, their knowledge and familiarity with their regions will be valuable assets to help build our retirement business to the next level,” said Coldren.

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