Guggenheim Slashes Industry’s First Smart Beta ETF Fees In Half

In a big announcement Thursday, Guggenheim Investments revealed it would reduce the management fee of the $13 billion Guggenheim S&P 500® Equal Weight ETF (NYSEArca:RSP) from 0.40% to 0.20%, effective June 30. Introduced in 2003, RSP is the industry’s first strategic or “smart” beta ETF,...