Claymore Calls It Quits for 4 ETFs

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Claymore Securities has announced the closure and liquidation of four lightly followed exchange traded funds (ETFs), stating that they didn’t gain enough traction to be kept around.

Sept. 10, 2010, will be the last day of trading for the following ETFs:

• Claymore/Zacks Dividend Rotation ETF (NYSEArca: IRO)
• Claymore/Zacks Country Rotation ETF (NYSEArca: CRO)
• Claymore/Beacon Global Exchanges, Brokers & Asset Managers Index ETF (NYSEArca: EXB)
• Claymore/Robb Report Global Luxury Index ETF (NYSEArca: ROB)

Shareholders can sell their shares before the close on the 10th, and the funds will no longer accept creation or redemption orders for fund shares. All shareholders remaining on Sept. 17, 2010, will receive a cash distribution into their brokerage account representing the value of their shares as of that date, which will also include any capital gains and dividends. [What Happens When an ETF Closes.]

Tisha Guerrero contributed to this article.