Guggenheim Sector Rotation ETF (XRO) - NYSE
XRO is defunct since March 23, 2012. Stopped trading due to lack of investor interest
XRO Description
The Guggenheim/Zacks Sector Rotation ETF (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Zacks Sector Rotation Index (the "Zacks Sector Rotation Index" or "Index"). The Fund will normally invest at least 90% of its total assets in common stocks, American depositary receipts ("ADRs") and master limited partnerships ("MLPs") that comprise the Index. Guggenheim Advisors, LLC (the "Investment Adviser”) seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, seeks to replicate, before fees and expenses, the performance of the Zacks Sector Rotation Index. The Zacks Sector Rotation Index is comprised of approximately 100 stocks selected, based on investment and other criteria, from a universe of the 1,000 largest listed equity companies based on market capitalization.
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Country: United States
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