One of the new exchange traded funds (ETFs) brought to market recently by Claymore holds large-cap growth companies with at least five-years of double-digit growth. The Claymore Great Companies Large-Cap Growth Fund (XGC) launched on the American Stock Exchange and is based on the investment strategies of managers at Great Companies Inc. Murray Coleman of MarketWatch.com reports the index ranks the 50 top U.S. growth stocks using criteria such as 5-year double-digit earnings growth.  Although they prefer to have 10 years of consistent strong earnings, the company must have at least 5-years.  XGC was weighted according to how much each stock had appreciated over the past decade.  This new ETF is one that leans more towards active management than following an index, as it is more of a managed-account product than a classic index-fund product.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.