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Products May 3, 2010
Guggenheim Introduces Three Mutual Funds
Guggenheim Partners has unveiled three Transparent Value mutual funds.
Reported by Fred Schneyer
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.
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.