June 29, 2007 at 1:05 am by Tom Lydon
It seems Claymore Securities is on a roll this week with yet another new exchange traded fund (ETF) announced today. This is the fifth ETF Claymore has launched this week. The latest ETF is Claymore/Robeco Boston Partners Large-Cap Value (CLV). It will track the Robeco Boston Partners Large-Cap Value Index, which is designed to recognize a group of stocks with similar characteristics that could outperform other large-cap indexes. The index comprises 100 to 300 equity stocks and uses a quantitative ranking method of three factors: favorable business fundamentals, positive momentum and attractive valuation, according to Jon C. Ogg of 247WallSt.
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