Claymore Advisors has licensed the Morningstar Super Sector Indexes for the creation of exchange traded funds (ETFs), according to a press release. Registration with the SEC includes the three indexes, which divide U.S. equities into broad sectors – manufacturing, services and information. This super sector classification started in 2002 and the basis is that companies are assigned to sectors based on their primary source of revenue.
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.