Guggenheim Investments Appoints Former Allianz Global Investments Executive John Andrews, Regional Vice President, Intermediary Distribution
February 02, 2021 at 09:00 AM EST
SANTA MONICA, Calif., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the appointment of John Andrews, CIMA, as a Regional Vice President. Mr. Andrews will be responsible for Wirehouse and Regional Broker-Dealer sales in Louisiana, Oklahoma, and Texas.
The appointment of Mr. Andrews follows the July 2020 promotion of longtime Guggenheim Investments’ senior executive Chris Parisi to Head of Intermediary Distribution and the addition of Annmarie Woods as Regional Vice President for the New Jersey and New York Metro area. All three appointments reflect the continued significant growth in assets of the firm’s actively managed fixed income mutual funds.
“We are pleased to welcome John Andrews to Guggenheim Investments,” said Mr. Parisi. “With our growth in Fixed Income AUM, John’s extensive industry experience and impressive track record will allow us to continue to meet the increasing demand for Guggenheim’s mutual fund offerings.”
Mr. Andrews joins Guggenheim Investments after spending over 13 years at Allianz Global Investors where he served multiple roles, most recently as External Investment Consultant since 2011, overseeing the growth and management of over $1.2 billion in mutual fund and SMA assets throughout Texas and Oklahoma. He joined Allianz Global Investors in 2007 as an internal wholesaler with PIMCO and later became a Retirement Sales Specialist in 2009.
The Guggenheim Total Return Bond Fund drew $7.3 Billion in net flows in 2020, bringing total assets to over $24 billion as of December 31, 2020. The fund’s Institutional Class has led all its peers since its November 30, 2011, inception with a 6.39 percent annualized return, making it the top performing fund out of 355 competitors in the Morningstar Intermediate Core-Plus Bond category over that period based on total returni. In 2020, the fund returned 15.2 percent, more than doubling the Barclays U.S. Aggregate Bond Index, which returned 7.5%. Guggenheim’s total fixed income mutual fund assets totaled more than $37 billion as of December 31, 2020, an increase of 46% since the end of 2019.
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i As of 12.31.2020, GIBIX was ranked 29 out of 602, 41 out of 543, and 9 out of 464 funds in the Morningstar Core Plus Fixed Income category for 1, 3, and 5-year periods based on total return. ©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, nor its content providers, are responsible for any damages or losses arising from any use of this information.