Guggenheim Preps Equity Income Fund

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.

Santa Monica, Calif.-based Guggenheim Partners managed some $96 billion in assets as of September 30, 2012.

For reprint and licensing requests for this article, click here.
Mutual funds Money Management Executive
MORE FROM FINANCIAL PLANNING