May 15, 2007 at 9:05 am by Tom Lydon
Claymore Advisors has licensed the Morningstar Super Sector Indexes for the creation of exchange traded funds (ETFs), according to a press release. Registration with the SEC includes the three indexes, which divide U.S. equities into broad sectors – manufacturing, services and information. This super sector classification started in 2002 and the basis is that companies are assigned to sectors based on their primary source of revenue.
Tags: Sector ETFs
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