Loading…
Loading…
Last week, on Thursday, August 20, Guggenheim Investments bolstered its library of active ETFs with the launch of two new funds. Both of the new ETFs offer their own distinct approaches to fostering income through active management.
Should advisors and investors be taking a closer look at the opportunity set within structured credit right now? After all, the current fixed income environment may well work in favor of the structured credit market.
Strategy and Positioning The Guggenheim Securitized Income ETF (GISC) launched on Jun.15 and seeks income and total return via a diversified portfolio of securitized credit, including asset-backed securities (ABS), mortgage-backed securities (MBS), and collateralized loan obligations (CLOs). Duration is approximately 2.5 years, at the midpoint of the Fund's 2–3 year target.
Traditionally speaking, when investment-grade corporate bond spreads tighten, advisors and investors need to look outside the box to make sure they hit those crucial income goals. Oftentimes, high-yield bonds and structured credit can serve as alternative sources of income to fill this gap.
Considering how complex the macroeconomic picture has become this year, advisors and investors may want to consider any and all portfolio tools available to them.
On Monday, June 15, Guggenheim Investments debuted a pair of new fixed income ETFs. Each of these new funds offers an active take on the fixed income space.
SEC filings for GISC aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.