Guggenheim Funds Distributors Inc. this week launched two new actively managed exchange-traded funds (ETFS) that gives investors access to fixed income investment products with the flexibility and tax benefits of ETFs.

Company officials said its Guggenheim Enhanced Core Bond ETF (NYSE Arca: GIY) will normally invest at least 80% of its net assets in fixed-income securities and attempts to outperform the Barclays Capital U.S. Aggregate Bond Index.

Guggenheim Ultra-Short Bond ETF (NYSE Arca: GSY) will also invest at least 80% of its assets in fixed income securities using a low duration strategy in an effort to outperform the 1-3 Month Treasury Bill Index.

"We're continually working to deliver advisors intelligent new products to sharpen their investment toolkits," Steve Baffico, Senior Managing Director, Guggenheim Funds Distributors, said in a statement. "These new actively managed funds combine the benefits of active management -- including a rigorous, risk-managed security selection process and the potential to outperform a benchmark index -- with the multi-faceted advantages of the ETF structure."

Actively managed ETFs represent only about 5% of the $1.1 trillion in assets trading in U.S. ETFs.

According to S&P, there were only 33 actively managed ETFs on the market as of mid-May with total assets of roughly $4.4 billion.