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Guggenheim To Change Shipping ETF Index
Guggenheim Funds is seeking to change the index on its Guggenheim Shipping ETF.
Guggenheim Fundsis seeking to change the index on itsGuggenheim Shipping ETF,Index Universereports. The amendment of the index will reduce the U.S. weighting in the fund by 80%.
The portfolio is currently based on theDelta Global Shipping Indexbut will be benchmarked against theDow Jones Global Shipping Indexfollowing the change. The firm has not yet indicated a change in the trading symbol or expense ratio, addsETF Daily News.
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