Guggenheim expands active ETF shelf with CLO and options funds
The $367 billion manager's ETF lineup now has four income-focused funds.
Guggenheim Investments introduced two actively managed ETFs on August 20, moving institutional credit and options strategies onto the advisor shelf. The Enhanced Equity Income ETF, listed under GEEQ, and the Investment Grade CLO ETF, listed under GCLO, began trading on the NYSE that day, the firm said in a release.
The two funds extend a platform that Guggenheim restarted on June 15, when the Securitized Income ETF (GISC) and the Ultra Short Income ETF (GCSH) made their debut. The manager, which oversees $367 billion, is pushing these strategies as a bridge between its institutional business and the advisory channel. Previously the strategies were sold mostly to insurance companies, pension plans, and large institutions; the ETF wrapper, the firm says, offers a tax-efficient route for a wider audience.
GEEQ runs a systematic options overlay on an equity income portfolio. GCLO targets investment-grade collateralized loan obligations, giving the fund a slice of corporate credit. The portfolio teams that run the strategies for institutions also manage the ETFs.
Dina DiLorenzo, president and head of Guggenheim Investments, said the reaction to the June funds reinforced the firm's belief that advisors want the same active, research-driven approach it has long delivered to institutions. The new ETFs, she said, extend that access into equity income and the full CLO capital structure while scaling the platform for income demand.
The CLO fund is the more distinctive of the pair for an RIA desk. It puts investment-grade CLO exposure into an exchange-traded wrapper, an alternative to closed-end funds or separate accounts. Together the four funds cover securitized credit, ultra-short bonds, options-enhanced dividends, and investment-grade CLOs — a focused income shelf rather than a bid to span the full active ETF category. Guggenheim also continues to run mutual funds and separately managed accounts alongside the new vehicles.
Two months in, the shelf suggests a deliberate bet: institutional strategies in liquid form, all aimed at income.
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