NEW YORK ( TheStreet) --In the latter half of 2011, investors have watched the consolidation in the ETF realm. As I noted a few weeks ago, fund provider Van Eck is currently in the process of taking over a portion of Merrill Lynch's line of HOLDRs exchange traded products.This week, it was announced that Guggenheim Partners was planning to expand its own family of ETFs by taking over control of RydexSGI. This move marks the second notable ETF-related acquisition from Guggenheim. Around this time a year ago, the firm took over Claymore. As a result of this deal, Guggenheim acquired ETFs including the Guggenheim Solar ETF (TAN), Guggenheim Canadian Energy Income ETF (ENY) and the Guggenheim Airline ETF (FAA).
Guggenheim Lands ETF Pioneer
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