Guggenheim Partners is readying a new mutual fund to bet on equity or equity-like securities.

The new fund, Guggenheim Global Enhanced Equity Income Fund, will invest in individual securities, exchange traded funds, and derivatives giving exposure to the equity markets, according to a regulatory filing. Jayson Flowers, head of the firm’s equity and derivative strategies and Jamal Pesaran, portfolio sector manager, will manage the fund, which charges a management fee of 70 basis points.

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