Claymore Launches High Income ETF
June 26th at 10:30am by Tom Lydon
Yet another exchange traded fund (ETF) from Claymore Securities launched yesterday. The Claymore/BBD High Income Index ETF (LVL) tracks the Benchmarks By Design Index that uses multi-factor proprietary selection rules to identify the securities. They are chosen across all asset classes and include those that offer the greatest potential from an income and risk/return perspective, the press release states. This ETF is highly liquid, income-oriented and comprises 110-150 securities selected by a proprietary measure. The companies are U.S. listed common stocks, American Depository Receipts (ADRs), Real Estate Investment Trusts (REITs), Master Limited Partnership (MLPs), Closed End Funds (CEFs) and traditional preferred stocks that feature superior high risk/return profiles.
