Guggenheim Goes Global With 4 New ETFs

ETF issuer Guggenheim has filed plans to introduce four new ETFs focused on international markets. The Guggenheim ABC High Dividend ETF will track the Mellon ABC Index, a rules-based index comprised of 30 American depositary receipts isseued by companies based in Australia, Brazil and Canada. All companies included in the ETF have recently paid dividends. The Guggenheim BMAC Commodity Producers ETF will follow the BNY Mellon BMAC Index. Guggenheim said this ETF will also track 30 companies. Countries the fund will allocate to are Australia, Brazil, Canada and Mexico. All names included in the mix must be part of either oil and gas or basic materials sectors, or belong to building materials and fixtures subsector, IndexUniverse.com, reported, citing the filing. The Guggenheim Small-Mid Cap BRIC ETF will will track the BNY Mellon Small-Mid BRIC Index, an index that features 44 ADRs from the BRIC nations of Brazil, Russia, India and China. The Guggenheim International High Dividend ETF will feature companies with a minimum market value of $5 billion and only those names with the highest average yields over the past three years will be included in this fund. Guggenheim currently issues almost 40 ETFs, inlcuding 16 focused on global sectors and markets.