At a glance
- The fund took in about $162 million between Aug. 3 and Nov. 3, according to ETF Trends, more than half its end-October total.
- For advisors who park client cash in ultra-short funds, GCSH now clears $300 million in assets at a 25-bp fee.
- ETF Trends attributed demand to uncertainty over inflation and rates, with short-duration funds favored for lower rate volatility.
Guggenheim Investments' Ultra Short Income ETF passed $300 million in assets, holding about $301 million as of Oct. 31, less than five months after its June 15 launch, ETF Trends reported.
The fund took in about $162 million between Aug. 3 and Nov. 3, according to ETF Trends, more than half its end-October total. The fund charges 25 basis points.
For advisors who park client cash in ultra-short funds, GCSH now clears $300 million in assets at a 25-bp fee. Size is one of the screens due-diligence teams run before a fund goes into a client account, and $301 million makes that check routine rather than a reason to wait. The income side of the trade was a 4.49% 30-day SEC yield as of Sept. 30, as Private Wealth Daily previously reported.
ETF Trends attributed demand to uncertainty over inflation and rates, with short-duration funds favored for lower rate volatility. Guggenheim's version sets region, sector and security weights through credit research and adds what the firm calls complexity premiums: income from assets that need more specialized underwriting.
The next 30-day SEC yield disclosure will show whether the fund's Sept. 30 yield of 4.49% held as assets grew.
Reported by the Active desk from ETF Trends and Private Wealth Daily archive. Published . Corrections