Guggenheim Investments Books Strong Asset Flows in March

Apr 3 2017 | 11:49pm ET

Scott Minerd’s Guggenheim Investments reported strong asset flows in March, according to new data released by the firm, including more than $1.5 billion into fixed-income mutual funds and exchange traded funds despite recent hikes in U.S. interest rates by the Federal Reserve.

Guggenheim’s flagship Total Return Bond fund, which manages approximately $5.7 billion and has reportedly outperformed most of its competitors over one, three, and five years, took in $491 million in March, the firm said. It was the intermediate-term fund’s 39th consecutive monthly inflow. 

Guggenheim’s $5 billion Macro Opportunities Fund, meanwhile, took in $345 million during the period, and its $3.5 billion bank lending fund Guggenheim Floating Rate Strategies, had net inflows of $170 million in March. The two funds have outperformed 99% and 97% of their rivals, respectively, according to Morningstar data cited by Reuters. 

The company also reported inflows to its Limited Duration Fund and BulletShares suite of defined maturity ETFs. Total assets under management at the New York-based firm reached $209 billion at the end of last year.


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