October 25, 2007 at 8:00 am by Tom Lydon
On Wednesday, Claymore launched the first dividend rotation exchange traded fund (ETF). The Claymore/Zacks Dividend Rotation ETF (IRO) launched on the American Stock Exchange. This brings the company’s total to 34 ETFs since the firm’s entrance to the market in September 2006. IRO is made up of 100 stocks based on the largest listed equity companies that pay out dividends annually. It holds companies with market capitalizations from $200 million to $450 billion.
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