Guggenheim adds three fixed-income strategies to mutual fund suite

By Toni Weeks

San Diego, Dec. 7 - Guggenheim Investments said it has expanded its fixed-income-oriented mutual fund suite with three new strategies, according to a company news release.

Previously available only to institutional investors, the three new funds include the Guggenheim Total Return Bond Fund, the Guggenheim Macro Opportunities Fund and the Guggenheim Floating-Rate Strategies Fund.

The Guggenheim Total Return Bond Fund invests primarily in investment-grade debt securities using a tactical asset allocation strategy that seeks to identify relative value opportunities across multiple sectors. The fund is managed by Scott Minerd, Anne Walsh and Jeffrey Abrams.

The Guggenheim Macro Opportunities Fund seeks to provide total return consisting of current income and capital appreciation by providing exposure to the investment team's "best ideas," targeting strong total return regardless of the direction of the overall market. Because the fund is not limited to a specific benchmark, it may invest across a broad range of corporate credit, asset-backed and other fixed-income sectors as well as equities, currencies, commodities and alternative strategies. The portfolio team includes Minerd, Kevin Gunderson and James Michal.

The Guggenheim Floating-Rate Strategies Fund seeks to provide total return consisting of current income and capital appreciation and invests primarily in bank loans and other senior secured floating-rate securities. The fund may appeal to investors seeking income and to reduce interest-rate volatility. The fund is managed by Minerd, Gunderson and Michael Damaso.

The investment management division of Guggenheim Partners, Guggenheim Investments has dual headquarters in New York and Chicago.

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