Guggenheim's Four Major Funds See $2.4 Billion in September Redemptions

Investors withdrew $2.4 billion from four major Guggenheim Partners funds in September, following reports that U.S. regulators are investigating commercial dealings of the company's CEO, Mark Walter. Morningstar estimates show that $1.8 billion flowed out of the Guggenheim Total Return Bond Fund, the firm's largest exchange-traded fund. The outflow represented 6.1% of the fund's assets, reducing its size to under $29 billion. September redemptions from Guggenheim funds rose significantly compared to $647 million in August and $103 million in July.