Yet another exchange traded fund (ETF) from Claymore Securities launched yesterday. The Claymore/BBD High Income Index ETF (LVL) tracks the Benchmarks By Design Index that uses multi-factor proprietary selection rules to identify the securities. They are chosen across all asset classes and include those that offer the greatest potential from an income and risk/return perspective, the press release states. This ETF is highly liquid, income-oriented and comprises 110-150 securities selected by a proprietary measure. The companies are U.S. listed common stocks, American Depository Receipts (ADRs), Real Estate Investment Trusts (REITs), Master Limited Partnership (MLPs), Closed End Funds (CEFs) and traditional preferred stocks that feature superior high risk/return profiles.
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.