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Guggenheim To Change Shipping ETF Index

Guggenheim Funds is seeking to change the index on its Guggenheim Shipping ETF.

Guggenheim Funds is seeking to change the index on its Guggenheim Shipping ETF, Index Universe reports. The amendment of the index will reduce the U.S. weighting in the fund by 80%.

The portfolio is currently based on the Delta Global Shipping Index but will be benchmarked against the Dow Jones Global Shipping Index following the change. The firm has not yet indicated a change in the trading symbol or expense ratio, adds ETF Daily News.

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