Guggenheim Funds has introduced a high-dividend exchange-traded fund, Index Universe reports. The Guggenheim ABC High Dividend ETF will track the BNY Mellon ABC Index.
The ETF will invest about 80% of its total assets in common stocks and ADRs that comprise the index and depositary receipts representing common stocks included in the index, adds ETF Daily News. The fund may commit directly in one or more underlying securities represented by the ADRs included in the index.
Click here for the story from Index Universe.
Click here for additional coverage from ETF Daily News.