Claymore Securities launched two new exchange traded funds (ETFs) that seem like plain vanilla compared to their other 18 funds, according to Lawrence Carrel of TheStreet.com . Last year, Claymore made heads turn when they launched "trendy" niche ETFs that tracked narrow indices. For instance, they launched the Claymore/Clear Spin-Off (CSD), that follows recently spun-off companies. As for their mainstream approach, the Claymore/Clear Mid-Cap Growth (MCG) and the Claymore/Index IQ Small-Cap Value (SCV) began trading on the American Stock Exchange last week.
Index IQ Inc., solely an index developer, has added another family of indices to their choices. Their "Active Value" family seeks to identify value priced companies that will outperform the market, eventually. Additionally, Claymore Securities has the licensed rights to some of Index IQ’s products.
Clear Indexes LLC, which produces indices Claymore uses, aims to fulfill simple yet desirable principles:
- Differentiated in the marketplace.
- Positioned to outperform major indexes.
- Easy to explain.
- Scalable with capacity in multiple product structures.
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.